Sensex, Nifty End Higher For Second Day

(RTTNews) - Indian shares rose for a second straight session on Thursday after the government brought much-needed amendments to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and promote ease of doing business.

The Union Cabinet's decision to provide immunity to successful bidders removes the threat of attachment of assets due to sins of previous promoters.

The benchmark S&P BSE Sensex ended the session up 169.14 points, or 0.42 percent, at 40,581.71, while the broader NSE Nifty index rose by 61.65 points, or 0.52 percent, to 11,971.80.

SBI, Tata Steel, Vedanta, Yes Bank and Tata Motors climbed 3-7 percent while Bharti Airtel, HCL Technologies, ONGC, TCS and Infosys fell 1-3 percent.

Global cues were mixed as investors exercised caution ahead of a U.S.-China tariff deadline and amid the closely watched British election, with polls predicting a narrow Conservative win.
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