India-Flavoured Shares Add Spice to Gains by the Footsie [Edition 2]
Evening Standard - London › May 18, 2009
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Summary
LONDON shares with an Indian focus enjoyed a day in the sun today as the election-inspired gains spilled over from the subcontinent.
Vedanta Resources, India's biggest copper and zinc producer, shrugged off a mining sector sell-off to trade up 57p to 1373p while Cairn Energy, the oil explorer with assets in India put on 71p to 2407p. But the biggest winner of all was FTSE 250-listed JPMorgan Indian Investment Trust which gained almost 17% to trade up 48 1/2p to 334 1/2p. The rises followed the businessfriendly National Congress Party's victory. Indian shares soared by record levels and investors are betting that the administration will continue its reforms to boost growth.See the full content of this document
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India-Flavoured Shares Add Spice to Gains by the Footsie [Edition 2]
The FTSE recovered from early losses to gain 48.11 points to 4397.58, led by holiday and financial stocks. Volumes were thin as investors waited for the big news tomorrow from Vodafone and Marks ...
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