associate sponsors


Sensex rises more than 1 percent, banks lead | Reuters

India's stock markets rose to a near 11-week high on Monday as hopes increased the central bank could cut rates by as much as 50 basis points next month after the government slashed the country's retail savings rate last week.

The benchmark BSE Sensex rose 1.33 percent and closed at 25,285.37, while the broader NSE Nifty ended up 1.31 percent at 7,704.25. Both indexes earlier hit their highest levels since Jan. 6.

Banks led the gains, with State Bank of India (SBI.NS) rising 2.9 percent and Punjab National Bank (PNBK.NS) advancing 2.5 percent.

(Reporting by Aastha Agnihotri in Bengaluru; Editing by Anand Basu)

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

Updated Date: Mar 21, 2016 16:15 PM

Also Watch

Firstpost Poetry Project: Aashna Iyer presents '7 Minutes'
  • Friday, June 15, 2018 FIFA World Cup 2018: A journey through the football Mecca of Kerala
  • Saturday, June 16, 2018 Social Media Star: Masaba Gupta, Pooja Dhingra discuss WhatsApp groups, unfollowing people and stalking profiles
  • Thursday, June 21, 2018 I Breathe: Natasha Noel's spoken word poetry on Yoga
  • Monday, June 4, 2018 It's A Wrap: Bhavesh Joshi Superhero makers Anurag Kashyap, Vikramaditya Motwane in conversation with Parul Sharma

Also See

{if $hideJSforEU != 'yes'} {/if}