Nifty rebound as financials rise

  • Reuters
  • Stock Market News
Nifty rebound as financials rise
Credit: © Reuters.

BENGALURU, Nov 20 (Reuters) - Indian shares clocked broad-based gains on Friday, rebounding from a sharp fall in the previous session in the backdrop of improving economic growth forecasts.

The NSE Nifty 50 index .NSEI , which fell more than 1% on Thursday, was up 0.37% at 12,820.75 by 0405 GMT, while the S&P BSE Sensex .BSESN climbed 0.41% to 43,782.50.

HDFC Bank HDBK.NS and mortgage lender HDFC HDFC.NS were the top two boosts to the Nifty 50.

Barclays (LON: BARC ) lifted its fiscal 2022 growth forecast for the Indian economy to 8.5% from 7% on Thursday, while Moody's reportedly https://economictimes.indiatimes.com/news/economy/indicators/moodys-raises-fy21-gdp-forecast-for-india-to-10-6/articleshow/79299018.cms projected a smaller contraction than earlier for fiscal 2021. shares of drugmaker Gland Pharma Ltd GLAD.NS were set to make their market debut on Friday.

Global markets, meanwhile, were hit by a wave of uncertainty after U.S. Treasury Secretary Steven Mnuchin called for an end to coronavirus pandemic relief for struggling businesses. MKTS/GLOB

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles