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Equities surged to record highs on Wednesday after India moved up several notches in the World Bank’s ease of doing business rankings. Investor sentiment was also boosted by optimism about global economic growth over data in the US and China, the world’s largest economies.
The S&P BSE Sensex rose 1.2 per cent on Wednesday to 33,600 and the Nifty50 rose 1 per cent to 10,440. Banking stocks led the rally. Bharti Airtel rose by more than 8 per cent after the company said global investors had expressed interest in buying a stake in Bharti Infratel.
ICICI
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