(Adds opening levels)
BENGALURU, Jan 23 (Reuters) – Indian stocks opened
higher on Monday as financial stocks ticked up after some banks
reported strong quarterly numbers over the weekend, while a Wall
Street rally in the previous session helped broader sentiment.
The Nifty 50 index was up 0.34% at 18,902.95 as of
9:28 a.m. IST, while the S&P BSE Sensex rose 0.38% to
Most of the major sectoral indexes gained, with the
high-weightage financials sub index rising over
Private lenders ICICI Bank
and healthy loan growth in the third quarter over the weekend.
Shares of India’s largest company by market capitalisation,
bigger-than-expected fall in net profit in the December quarter,
post market hours on Friday.
On the flipside, shares of Yes Bank
logging 80% net slide in net profit as provisions for bad loans
surged in December quarter.
Thirty-four of the Nifty 50 constituents advanced while 16
Wall Street equities rallied to close higher on Friday, as
upbeat quarterly earnings helped lift Netflix, while Google
parent Alphabet climbed after announcing job cuts.
Most Asian equities were closed on Monday for the Lunar New
($1 = 80.9790 Indian rupees)
(Reporting by Rama Venkat and Bharath Rajeswaran in Bengaluru;
Editing by Nivedita Bhattacharjee)
Keywords: INDIA STOCKS/
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