Asian stocks rose on Wednesday after an increase in US manufacturing boosted optimism about growth in the world's biggest economy.
Indian shares hit a record high for an eighth consecutive session as potential bank licence candidates such as IDFC Ltd surge after an election panel allowed the central bank to announce new bank licences before the outcome of general elections set to conclude next month. The BSE index is up 0.32 percent after earlier rising as much as 0.65 percent to an all-time high of 22,592.10, while the NSE index gains 0.3 percent after earlier gaining 0.63 percent to a record high of 6,763.50.
On BSE, 804 shares gained and 262 shares fell. A total of 50 shares were unchanged.
Among the 30-share Sensex pack, 21 stocks gained and rest of them declined. Bharti Airtel (up 2.52%), ICICI Bank (up 1.63%) and Dr. Reddy's Laboratories (up 0.99%) edged higher from the Sensex pack.
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