Indian shares scale peaks, eye 2% weekly jump as banks extend rally

Record ID: 1637320

  • Title: Indian shares scale peaks, eye 2% weekly jump as banks extend rally
  • Date: 17th September 2021
  • Summary: MUMBAI, MAHARASHTRA, INDIA (SEPTEMBER 12, 2021) (ANI - NO USE INDIA) BOMBAY STOCK EXCHANGE (BSE) BUILDING PEOPLE OUTSIDE BSE TICKER SHOWING STOCK MOVEMENT PEOPLE OUTSIDE BSE (SOUNDBITE) (English) STOCK MARKET EXPERT, SUNIL SHAH, SAYING: "So, yesterday they (government of India) announced about bad bank and before that also industry-by-industry, sector-by-sector, they are announcing incentives and schemes so that the industry should do well. There will be new investments, generation of employment. So, overall good opportunity for the people to come and invest in India and that has said impact on the capital market and capital market is booming." PEOPLE OUTSIDE BSE
  • Embargoed: 1st October 2021 07:56
  • Keywords: BSE Bombay Stock Exchange India Mumbai Nifty Sensex bank stocks
  • Location: MUMBAI, MAHARASHTRA, INDIA
  • City: MUMBAI, MAHARASHTRA, INDIA
  • Country: India
  • Topics: Asia / Pacific,Economic Events
  • Reuters ID: LVA001EV3WK0F
  • Aspect Ratio: 16:9
  • Story Text: Indian shares touched all-time highs on Friday (September 17) and were on track to post a more than 2% weekly gain, as banking stocks jumped a day after the country's finance minister set out details for the establishment of a bad bank.
    The blue-chip NSE Nifty 50 index rose 0.78% to 17,766.25 by 0452 GMT, having hit a record of 17,771.85 earlier.
    The benchmark S&P BSE Sensex was 0.84% higher at 59,636.71 after scaling a peak of 59,662.88.
    A sub-index for banking stocks rose for a fourth day and touched a record high, after the government announced a 306.00 billion rupees ($4.16 bln) guarantee programme for securities to be issued by a newly incorporated "bad bank."
    Consumer goods stocks jumped about 1% to a record high, with Jubilant Foodworks advancing more than 3%.
  • Copyright Holder: ANI (India)
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