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Nifty, Sensex edge higher; financials drag

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(Reuters) - Indian edged up on Monday, as stronger Asian and gains in retailing firms offset falls in lenders after the central bank temporarily hiked the reserve ratio to absorb the surge in deposits from the country's drive.

The BSE index rose 0.13 percent to 26,350.17, having fallen as much as 0.51 percent in the session.

The broader NSE index rose 0.16 percent to 8,126.90, with State Bank of and dragging the index.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Nifty, Sensex edge higher; financials drag

(Reuters) - Indian shares edged up on Monday, as stronger Asian shares and gains in oil retailing firms offset falls in lenders after the central bank temporarily hiked the cash reserve ratio to absorb the surge in deposits from the country's demonetisation drive.

(Reuters) - Indian edged up on Monday, as stronger Asian and gains in retailing firms offset falls in lenders after the central bank temporarily hiked the reserve ratio to absorb the surge in deposits from the country's drive.

The BSE index rose 0.13 percent to 26,350.17, having fallen as much as 0.51 percent in the session.

The broader NSE index rose 0.16 percent to 8,126.90, with State Bank of and dragging the index.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Nifty, Sensex edge higher; financials drag

(Reuters) - Indian edged up on Monday, as stronger Asian and gains in retailing firms offset falls in lenders after the central bank temporarily hiked the reserve ratio to absorb the surge in deposits from the country's drive.

The BSE index rose 0.13 percent to 26,350.17, having fallen as much as 0.51 percent in the session.

The broader NSE index rose 0.16 percent to 8,126.90, with State Bank of and dragging the index.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22