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Sensex, Nifty gain as govt may announce more measures to spur growth
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Mumbai, Oct. 17 -- Indian equities opened higher for the fifth consecutive session on Thursday after Finance Minister Nirmala Sitharaman said the government is planning more measure to spur economic growth. Investors await fresh cues on US-China trade deal and US Federal Reserve meeting next week.
At 9.30am, the benchmark Sensex was up 0.2% or 65.88 points at 38664.87, while Nifty advanced 0.2% to 11475.
Benchmark Sensex gained for six out of seven sessions and rose 3.07% or 1151 points. Nifty gained 3.2% or 351 points in the six sessions.
Sitharaman said more reforms are on the anvil this fiscal to boost growth as fresh economic data and subdued corporate earnings point to a deeper economic downturn.
The government has already announ...
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