Indian shares gain on banking, energy boost

Author of the article: BENGALURU — Indian shares rose on Monday, helped by gains in banking and energy stocks, and positive cues from Asian markets following strong Chinese economic data. The blue-chip NSE Nifty 50 index rose 0.43% to 18,183.25 and the benchmark S&P BSE Sensex rose 0.25% to 60,837.40 by 0358 GMT. Government-run Oil…
Indian shares gain on banking, energy boost

Author of the article:

BENGALURU — Indian shares rose on Monday, helped by gains in banking and energy stocks, and positive cues from Asian markets following strong Chinese economic data.

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

Government-run Oil and Natural Gas Corporation climbed as much as 4.6% after reporting a near seven-fold jump in second-quarter net profit at 183.48 billion rupees ($2.47 billion). The Nifty Energy Index added 1.01%.

The Nifty Bank Index gained nearly 1%, helped by Kotak Mahindra and HDFC Bank that rose 1.2% and 0.9% respectively.

On investors’ radar are stock market debuts of PolicyBazaar’s parent PB Fintech, refined wood pulp maker Sigachi Industries and decorative esthetics player SJS Enterprises.

In broader Asian markets, shares edged higher as Chinese economic data surprised on the high side, with annual growth in retail sales and industrial output both handily beating forecasts.

($1 = 74.3620 Indian rupees) (Reporting by Vishwadha Chander in Bengaluru; editing by Uttaresh.V)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Sabina Gold & Silver Announces AGM Voting Results
Read More

Sabina Gold & Silver Announces AGM Voting Results

Author of the article: VANCOUVER, British Columbia, May 25, 2022 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp. (TSX:SBB, OTCQX: SGSVF) (Sabina or the “Company”), in accordance with Toronto Stock Exchange requirements, is pleased to announce the voting results for election of its Board of Directors at its hybrid Annual General Meeting of Shareholders held…
COP27 delivers climate fund breakthrough at cost of progress on emissions
Read More

COP27 delivers climate fund breakthrough at cost of progress on emissions

Author of the article: Reuters Valerie Volcovici and Dominic Evans and William James Publishing date: Nov 20, 2022  •  14 hours ago  •  5 minute read Join the conversation * COP27 climate summit ends after marathon weekend negotiations Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division…
Leaders quick to congratulate France’s Macron in relief for Europe
Read More

Leaders quick to congratulate France’s Macron in relief for Europe

Author of the article: BRUSSELS — European Union leaders were quick to congratulate French President Emmanuel Macron for his election victory over his far-right rival on Sunday, reflecting relief at avoiding a political shock in one of the bloc’s most pivotal countries. European Council President Charles Michel, as well as the prime ministers of Belgium…