March 29, 2024

extraordinaryinfo

Delighting finance buffs

Sensex, Nifty rise for sixth straight session as IndusInd Bank climbs

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.

Also Read | India’s IT sector may see mass layoffs as demand outlook remains weak

Also Read | Indian shares run out of steam after four-day rally, surging virus cases weigh

IndiaToday.in has plenty of useful resources that can help you better understand the coronavirus pandemic and protect yourself. Read our comprehensive guide (with information on how the virus spreads, precautions and symptoms), watch an expert debunk myths, and access our dedicated coronavirus page.
Get real-time alerts and all the news on your phone with the all-new India Today app. Download from

  • Andriod App
  • IOS App

Source Article