Sensex, Nifty hit 14-month high as reforms continue

MUMBAI (Reuters) - The BSE Sensex and Nifty rose over 2 percent on Friday to their highest since July 2011 after the government announced new measures on overseas borrowing, bolstering confidence about its resolve to continue undertaking long-awaited reforms. Finance Minister P. Chidambaram said on Friday India would slash a tax on overseas borrowing by local companies and implement a scheme to attract retail investors into stocks, following up on the government's recent big ticket reforms. ...