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Sensex, Nifty rise boosted by gains in state-run lenders

Reuters 

By Jessica Kuruthukulangara(Reuters) - Indian shares rose on Monday and were headed for their third session of gain in four, driven by state-run lenders such as State Bank of India (SBI) after the government set up a panel to explore mechanisms for resolving the burgeoning bad debts plaguing the financial sector. The panel will examine whether banks needed to set up an asset reconstruction company (ARC) or asset management company to take up the stressed assets from banks' balance sheets.This is seen as positive, said Siddhartha Khemka, head of retail research, Motilal Oswal ...

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First Published: Mon, June 11 2018. 12:17 IST
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