Categories: India

INDIA STOCKS-Indian shares open tad higher as bank stocks support

(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.)

Indianews Syndication

Recent Posts

Two Generations, One Mission: How ‘Forest Traiil’ is Turning Forgotten Roots into a Modern Health Revolution

Go Green Spices Pvt Ltd launches Forest Traiil, a premium natural foods brand offering Vedic nutrition, Bilona A2 Ghee, and raw…

2 hours ago

Akash Singh Thakur on Modern Fraud, Corporate Ethics & the Growing Importance of Investigative Awareness in India

With over 13+ years of experience across forensic analysis, corporate investigations, vigilance, and risk review, Akash…

2 hours ago

India’s First Fully Digital On-Ground Mental Math Championship Concludes in Mumbai

Mumbai (Maharashtra) [India], May 5: The inaugural India edition of the Global Mental Math Olympiad (GMMO)…

2 days ago