05 July 2016 at 1:01 GMT
Nikkei Asian Review
Indian shares rose to eight-month highs on Monday, as global markets extended gains amid expectations central banks will announce stimulus measures to cushion the impact of Britain leaving the EU. The BSE Sensex advanced for a fifth consecutive session. Oil & Natural Gas Corp, Tata Motors and infrastructure stocks were among the biggest gainers. “The worries related to Brexit have receded,” said Kishor Ostwal, managing director at CNI Research. “Domestic macros – be it the monsoons, the overall pace of reforms and earnings growth are all pointing to a sustainable rally for Indian equities in the second half of the year.” Risk assets recovered on expectations major central banks, including BoE and BoJ, will cut rates further and offer more stimulus measures.
Read full article at Nikkei Asian Review