You are here: Home » Reuters » News
Business Standard

Sensex ends higher; bank stocks rise


(Reuters) - Indian rose on Monday as gained on hopes that the Reserve of India's initiative directing lenders to start bankruptcy proceedings against large loan defaulters would help reduce the levels of bad debt hampering credit growth in the country.

The benchmark BSE rose 0.82 percent and posted a record close of 31,311.57, while the broader NSE ended up 0.72 percent at 9,657.55.

The Index climbed 1.02 percent after touching a record high earlier in the session.

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Gopakumar Warrier)

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