Sensex, Nifty hit fresh record high
Indian equity indices jump-started today's session and were close to their lifetime highs, with shares of state-owned banks and metal companies leading the gains seen across most sectors, supported by an upbeat trend in most global markets.
The BSE Sensex was trading at 34,153, up 183 points, while the broader Nifty50 was ruling at 10,555, up 49 points.
The Nifty PSU Bank Index extended gains and rose over 1% in early trade as the Lok Sabha, late Thursday, passed the third batch of Supplementary Demands for Grants, which will enable the government to issue bonds worth Rs800bn to recapitalize the lenders in the current financial year.
IOB stock gained 7% as the bank decided to utilize share premium balance to write off the accumulated losses.
The BSE Sensex was trading at 34,153, up 183 points, while the broader Nifty50 was ruling at 10,555, up 49 points.
The Nifty PSU Bank Index extended gains and rose over 1% in early trade as the Lok Sabha, late Thursday, passed the third batch of Supplementary Demands for Grants, which will enable the government to issue bonds worth Rs800bn to recapitalize the lenders in the current financial year.
IOB stock gained 7% as the bank decided to utilize share premium balance to write off the accumulated losses.
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