Nifty ends 2.6 percent higher, led by banks | Reuters - Firstpost
You are here:

Nifty ends 2.6 percent higher, led by banks | Reuters

#article   #Economy   #India   #science   #United Kingdom   #United States  


MUMBAI The NSE Nifty jumped more than 2.6 percent on Monday, its biggest daily percentage gain in more than a year, encouraged by strong trading in shares of banks and miners after a selloff last week.

The broader Nifty ended at 7,162.95, while the benchmark BSE Sensex gained 2.47 percent to close at 23,554.12.

Among gainers, State Bank of India (SBI.NS) soared 9 percent on value-buying after the stock fell as much last week. India's biggest lender on Friday reported the biggest fall in its quarterly profit in nearly five years as bad loan provisions jumped.

Construction and engineering stocks also surged. Industrial group Larsen & Toubro (LART.NS) jumped 9.1 percent.

(Reporting by Aastha Agnihotri; Editing by Anupama Dwivedi)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Feb 15, 2016 19:25 IST

Comment using Disqus

Show Comments