BSE Sensex edges higher; defensive stocks surge

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A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange building in MumbaiBy Abhishek Vishnoi MUMBAI (Reuters) - The BSE Sensex and Nifty rose on Friday as defensive stocks such as Sun Pharmaceutical Industries and Ranbaxy Laboratories jumped on the U.S. regulator's approval for a key drug while IT stocks gained after rival Accenture Plc reported robust quarterly revenue growth. Broader gains were however capped as Asian shares were mostly in the red on Friday, weighed down by a weak performance on Wall Street and doubts about the strength of the U.S. economy, which pushed bonds higher. Also, overseas investors sold shares worth 6.01 billion rupees ($100. ...


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