Eveready Gains After Buffet's Duracell Buy

Shares in battery maker Eveready Industries India gained 2.5 per cent on Friday, hovering near its highest since 1996; up about 339 per cent in this year so far.

Buffett's Berkshire Hathaway agreed to buy Procter & Gamble's Duracell battery unit.

Buffet's purchase would lead to higher valuations for the sector, according to traders.

Copyright: Thomson Reuters 2014