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INDUSTOWER - Indus Towers News Story

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Last Trade - 13/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £6.41bn
Enterprise Value £6.49bn
Revenue £887.6m
Position in Universe 64th / 3106

Indian shares open higher on boost from banking stocks

Tue 1st September, 2020 5:12am
BENGALURU, Sept 1 (Reuters) - Indian shares opened higher on
Tuesday after a sharp drop in the previous session, helped by
gains in financial stocks, as investors looked past data that
showed the country suffered its worst economic contraction on
record amid the COVID-19 pandemic.
    By 0359 GMT, the blue-chip NSE Nifty 50 index  .NSEI  rose
0.71% to 11,467.90 and the benchmark S&P BSE Sensex  .BSESN 
gained 0.65% to 38,883.88. 
    The indexes fell more than 2% on Monday following a fresh
border flare-up between India and China.
    Data after markets closed on Monday showed India's economy
contracted 23.9% in the June-quarter, much more than forecast
and pointing to a longer-than-expected recovery, with analysts
calling for further stimulus.  urn:newsml:reuters.com:*:nL4N2FX52A
    The Nifty bank index  .NSEBANK  rose 1.45%, while the Nifty
auto index  .NIFTYAUTO  was up 1.32%. Automakers are set to
report their August sales figures today.
    Bharti Infratel Ltd  BHRI.NS  was the top percentage gainer
on the Nifty, rising 5.2%, after the telecom infrastructure firm
said it will go ahead with its long-delayed merger with Indus
Towers.  urn:newsml:reuters.com:*:nL4N2FY15K
    Refiner Oil and Natural Gas Corporation Ltd  ONGC.NS  was
the top laggard on the Nifty, falling 2.3%.  

 (Reporting by Anuron Kumar Mitra in Bengaluru; editing by
Uttaresh.V)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))
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