Mumbai : Stocks retained their winning knack for the fourth straight day as the Sensex on Thursday gained 127 points to end at a fresh 11-month high of 27,942 amid unabated foreign inflows on hopes of better corporate earnings numbers.
Expectations of more stimulus action from Japan to fast-track growth and another record close in the US laid the pitch for the rally. But concerns lingered after WPI inflation accelerated for the third straight month in June hitting 1.62 per cent on costlier food and manufactured items, official data showed ion Thursday. June retail inflation, announced on Tuesday, was no better, which touched a 22-month high of 5.77 per cent. While TCS is scheduled to come out with its results on Thursday after market hours, that of Infosys is due on Friday. There was good news on the monsoon front, which cheered investors. According to IMD, the country has so far received four per cent more rainfall than normal. The monsoon has also covered the entire country two days ahead of its normal date after reaching last frontiers of Kutch and Western Rajasthan, reports PTI.