Indian Bank logo

INDIANB - Indian Bank News Story

₹107.9 3.2  3.1%

Last Trade - 13/04/21

Mid Cap
Market Cap £1.18bn
Enterprise Value £2.66bn
Revenue £1.93bn
Position in Universe 247th / 3106

Indian shares tick up ahead of F&O expiry, GDP data

Thu 28th November, 2019 4:43am
* Nifty 50, BSE Sensex rise 0.1% each
    * Bharti Infratel gains 4.7%

    By Sethuraman N R
    Nov 28 (Reuters) - Indian shares inched higher in early
trade on Thursday ahead of the expiry of November futures and
options, while investors awaited gross domestic product (GDP)
data due on Friday for clues about the health of Asia's
third-largest economy.
    The NSE Nifty 50 index  .NSEI  was up 0.1% at 12,111.90 by
0406 GMT, while the S&P BSE Sensex index  .BSESN  was higher
0.1% at 41,062.
    "We are at a crucial juncture at this point of time. Today's
move will decide the future course of action," said Rusmik Oza,
head of fundamental research, Kotak Securities.
    "If the market closes above 12,100 levels on expiry, then
investors are ready to digest the GDP numbers. If they retrace
today, then there are chances they might go down tomorrow or
after the data."
    Indian stocks are set to rise further over the coming year,
according to a Reuters poll of equity strategists, but those
gains will be limited as fiscal stimulus and easy monetary
policy fail to reverse an economic slowdown.*:nL4N2862I1
    Public sector banks led gains in the Nifty index, with the
main sub-index  .NIFTYPSU  rising 1.15%. Shares of Indian Bank
 INBA.NS  rose 4.52%, while Oriental Bank of Commerce  ORBC.NS 
gained 4.1%.
    Bharti Infratel  BHRI.NS  was the top gainer in the Nifty 50
index, rising 4.7%.

 (Reporting by Nallur Sethuraman in Bengaluru; Editing by
Subhranshu Sahu)
 ((; (+91 8067496031); Reuters
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.