Indian shares rise, Sensex breaches 38,000 [Reuters]
ICICI Bank Limited (IBN)
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Source: Reuters
Indian shares rise, Sensex breaches 38,000 | Reuters 2 Min Read (Reuters) - Indian shares rose to fresh highs on Thursday, with the benchmark BSE index crossing the 38,000 level for the first time, driven by financial stocks such as ICICI Bank Ltd and State Bank of India. India’s third-biggest lender by assets, ICICI Bank, gained as much as 8.5 percent to 345.85 rupees, its highest since February 1. In response to a media report on Tuesday that said ICICI masked its bad loans via change in accounting policy, the company said on Wednesday it had made full disclosure in its annual report, investor presentations and analysts calls. “The banking sector is taking the lead, so the Nifty and the Sensex are cruising” said Siddharth Sedani, Vice President, Head Equity Advisory, Anand Rathi. The broader NSE Nifty was up 0.12 percent at 11462.15 as of 0547 GMT while the benchmark BSE Sensex was 0.24 percent higher at 37979.15. The indexes hit record highs earlier in the session. The Reserve Bank
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Sec Filings
- 4/19/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/19/24 - Form 6-K
- IBN's page on the SEC website