MENU

Published on 28/05/2020 9:55:41 AM | Source: Reuters

Indian shares track global markets higher; financial stocks gain

Posted in Stock Market| #Sensex #Stock Market #NSE #BSE #Nifty

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

BENGALURU  - Indian shares edged higher on Thursday as signs the government is ready to step in to support state-run banks supported financial shares for a second day, adding to a broadly more positive global mood.

The NSE Nifty 50 index rose 0.4% to 9,348 by 0346 GMT, while the S&P BSE Sensex gained 0.34% to 31,714.29.

On Wednesday, Indian shares ended over 3% higher, fuelled by a more than 7% surge in the banking index.

Asian shares and U.S. stock futures rose on Thursday as growing optimism about economic recovery from the pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Shounak Dasgupta)