The NSE Nifty 50 index rose 0.25 per cent to 10,827.05 by 9:26 am, while the benchmark S&P BSE Sensex was up 0.16 per cent at 36,732.83, both hovering near four-month highs.
IndusInd Bank climbed 3.7{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} to a near four-week high and was the top gainer on the Nifty. (Photo: Reuters)
Indian shares edged higher for a sixth straight session on Wednesday, supported by gains in IndusInd Bank Ltd after a report that a US-based hedge fund was in talks to raise its stake in the private-sector lender.
The NSE Nifty 50 index rose 0.25 per cent to 10,827.05 by 9:26 am, while the benchmark S&P BSE Sensex was up 0.16 per cent at 36,732.83, both hovering near four-month highs.
IndusInd Bank climbed 3.7{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} to a near four-week high and was the top gainer on the Nifty after Moneycontrol reported here US-based hedge fund Route One Investment Company had started talks with the lender to raise its stake to nearly 10 per cent.
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