Shares of India's largest information technology services company Tata Consultancy Services spurted by 20 per cent to touch an all-time high in early trade on the BSE on Friday, boosted by smart growth in net profit for the first quarter of FY2011-12, which analysts termed as above market expectations.
India's industrial sector grew by 9.1 per cent in September against 6 per cent in the same period last year.
After lying low for a while markets came back strongly and breached the 6,000 points mark. The BSE Sensex posted a growth of 3.91 per cent to close at 6,012 points while the S&P CNX Nifty rose by 4.36 per cent to end at 1,914
Since many of Modi's urban policies were initiated in Ahmedabad, the city may act as a template to examine what can be expected in a country that is witnessing the biggest migration from rural to urban areas in the world
