Mahindra and Mahindra, Dr. Reddy’s Laboratories, Yes Bank and Aurobindo Pharma were the top gainers, while Bharti Airtel, Hero MotoCorp, Bharti Infratel and Power Grid Corporation.
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Activity in India’s services companies limped out of contraction in September as demand recovered and pushed firms to increase hiring at the fastest pace in over six years, a business survey showed on Thursday.
The lingering impact of the government’s cash ban late last year pushed growth in Asia’s third-largest economy to slow unexpectedly to a three-year low of 5.7 percent in the April-June quarter from a year earlier.
Disruptions to businesses from confusion on product pricing after the implementation of a goods and services tax (GST) on July 1, which aimed to unify multiple taxes, have also cast a shadow on economic growth.
But last month, a surge in demand helped a recovery in activity among services firms after contracting for two months prior to that.
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