(Updates for market open) Oct 6 (Reuters) – India's stock benchmarks opened marginally higher on Monday as strong quarterly business updates from lenders supported their shares. The Nifty 50 was up 0.09% at 24,916.55, while the BSE Sensex added 0.08% to 81,274.79, as of 9:15 a.m. IST. Nine of the 16 major sectors advanced at open, with banks leading the gains with a 0.44% rise after lenders posted strong loan growth for the September quarter. HDFC Bank reported a 10% growth in advances for July-September, while Kotak Mahindra Bank posted a 15% net growth in loan disbursals during the quarter. The broader mid-caps and small-caps added 0.1% and 0.3%, respectively. (Reporting by Vivek Kumar M and Bharath Rajeswaran in Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
