Indian shares rose to an all-time high on Monday in broad-based gains as strong December-quarter corporate earnings raised hopes of a quick economic recovery.
The NSE Nifty 50 index was 0.84% higher at 15,290.85 by 0355 GMT, while the S&P BSE Sensex was up 0.94% at 52,029.80. Both indexes hit record highs in early trading.
Thirteen of 14 sectoral indexes were higher, with banks leading the gains. HDFC Bank and ICICI Bank were among the biggest boosts to the Nifty 50.
ADVERTISEMENT
On Friday, data showed India’s retail inflation stayed within RBI’s target range for the second consecutive month in January.
Other Asian stocks also hit record highs on Monday as successful coronavirus vaccine roll-outs globally boosted risk sentiment.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.