Stock market today: BSE Sensex, NSE Nifty rise as SBI share price lifts banking stocks after strong earnings
Stock market today: BSE Sensex, NSE Nifty climbed on Thursday as strong earnings from the country`s biggest lender State Bank of India (SBI) lifted banking stocks, with Reliance Industries and IT stocks supporting gains.
Stock market today: Indian shares climbed on Thursday as strong earnings from the country`s biggest lender State Bank of India (SBI) lifted banking stocks, with Reliance Industries and IT stocks supporting gains.
The NSE Nifty 50 index rose 1.29% by 0348 GMT 12,062.4 and the S&P BSE Sensex gained 1.31% to 41,145.67.
SBI on Wednesday reported an upbeat profit and said it expected stronger annual credit growth, sending its shares up 4.35% and lifting the Nifty banking index 1.6%.
The Nifty IT index also rose 1.3%, helped by a 2.3% gain in HCL Technologies and a 1.5% rise in Infosys.
India`s most valuable stock, Reliance Industries, was up 2.2%.
The story has been taken from a news agency
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