Indian shares gain on banking, energy boost

- Advertisement -


BENGALURU, Nov 15 (Businesshala) – Gains in banking and energy stocks and positive cues from Asian markets buoyed Indian stocks on Monday after strong Chinese economic data.

- Advertisement -

The blue-chip NSE Nifty 50 index was up 0.43% at 18,183.25 and the benchmark S&P BSE Sensex rose 0.25% at 60,837.40 GMT 0358.

- Advertisement -

Government-run Oil and Natural Gas Corporation climbed up to 4.6% after reporting a nearly seven-fold jump in second-quarter net profit to Rs 183.48 billion ($2.47 billion). Nifty Energy index rose 1.01%.

The Nifty Bank index rose nearly 1%, helped by Kotak Mahindra and HDFC Bank, rising 1.2% and 0.9%, respectively.

- Advertisement -

On investors’ radar are the stock market openings of Policybazaar parent PB Fintech, refined wood pulp maker Sigachi Industries and decorative aesthetics player SJS Enterprises.

In broader Asian markets, shares rose as a surprise at higher levels of Chinese economic data, with annual growth in retail sales and industrial output both beating estimates.

$1 = 74.3620 Indian Rupee reporting by Vishwadha Chander in Bengaluru; Editing by Uttaresh.V

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox