Indian markets trade higher, SBI takes lead
The banking sector was in lead with 305.25 points up on BSE.
Indian equity indices are trading positive with Sensex soaring nearly 274 points or 0.99% to 27,987.32, and Nifty surging by 92.80 points or 1.09% to 8643.90.
On 30-share benchmark, among the top gainers were State Bank of India at Rs 232.35 (3.10%), Axis Bank at Rs 562 (2.99%), Hero Motocorp at Rs 3364.90 (2.90%), Bajaj Auto at Rs 2814 (2.71%) and ICICI Bank at Rs 246.95 (2.62%).
Also, the banking sector was in lead with 305.25 points up on BSE.
Indian Rupee opened higher by 6 paise at 66.85 per dollar as compared to previous close 66.91.
On Friday, the Asian shares followed global stock markets higher after the Bank of England launched a larger-than-expected post-Brexit stimulus package that sent the British pound tumbling.
The British pound crawled up 0.2% to $1.3130 after retreating 1.7% overnight.