The Financial Express

Indian shares rise; financial stocks lead

Published: December 22, 2017 15:31:28 | Updated: December 25, 2017 10:46:50

File Photo (Reuters) File Photo (Reuters)

Indian shares rose on Friday, with financials stocks such as Housing Development Finance Corporation Ltd (HDFC) boosting the indexes after it said it is selling two of its units to Quikr India.

The broader NSE index was up 0.4 per cent at 10,486.10 as of 0528 GMT, while the benchmark BSE index rose 0.5 per cent to 33,939.59.

For the week, the NSE index was on track to end 1.5 per cent higher, while the BSE index looked set to gain 1.4 per cent.

Reliance Industries rose 0.8 per cent. Housing Development Finance Corp rose 0.3 per cent, according to Reuters.

Among the gainers, state-run lenders such as State Bank of India rose 1.6 per cent, pushing the Nifty PSU bank index 1.6 per cent higher.

Refining stocks such as Reliance Industries Ltd gained, as oil prices dipped away from 2015 highs reached in the previous session weighed down by rising US output.

Indian markets will be closed on Monday for Christmas.

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