Indian shares extend rally, Sensex hits record peak


0

Indian shares jumped on Monday, extending gains to a seventh straight session, boosted by the government’s plan to offer more capital to finance the country’s infrastructure needs and reports of further tax reforms.

Meanwhile, in a joint statement on the India-U.S. Economic and Financial Partnership, both countries said they are working to draw more private sector capital to boost the Asian nation’s infrastructure.

Sensex hits record peak

Shares of Vedanta Ltd were among the top two gainers on the local indexes, climbing as much as 4.15% in its sharpest intraday gain in more than five weeks.

The Nifty PSU Bank index .NIFTYPSU, which tracks the country’s state-run lenders, rose as much as 1.32%, on track for its seventh straight session of gains, with shares of Central Bank of India rising over 4%.

The Nifty IT index .NIFTYIT inched higher, with shares of software services firm Tata Consultancy Services Ltd adding 1.29%.

Meanwhile, private lender Yes Bank climbed 3% after reversing early losses of up to 15%.. The lender posted a bigger-than-expected quarterly loss on Friday, as asset quality worsened and provisions swelled.


Like it? Share with your friends!

0

What's Your Reaction?

PromoRepublic
0
PromoRepublic
HelpShelf
0
HelpShelf
Clinked AppSumo
0
Clinked AppSumo
Visual Inspector Review
0
Visual Inspector Review
Ledger Nano X
0
Ledger Nano X
Real Betis
0
Real Betis
real madrid
0
real madrid
spanish premiera divisom
0
spanish premiera divisom
la liga
0
la liga
real betis vs real madrid
0
real betis vs real madrid
real madrid vs real betis
0
real madrid vs real betis
spanish premera divisom
0
spanish premera divisom
spanish primera divison
0
spanish primera divison

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format