Nifty, Sensex follow Asian peers higher; Yes Bank surges [Reuters]
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Source: Reuters
Nifty, Sensex follow Asian peers higher; Yes Bank surges | Reuters 3 Min Read (Reuters) - Indian shares advanced in line with other Asian peers on Friday, driven by gains in energy and financials, with Yes Bank Ltd jumping nearly 14 percent after the private-sector lender named a new chief executive officer. The broader NSE Nifty rose 0.57 percent to10,911.7 as of 0457 GMT, while the benchmark BSE Sensex gained 0.62 percent to 36,418.67. Both indexes are set to post marginal gains for the week, their third straight weekly rise. Broader Asian stocks rose across the board, lifted by gains in U.S. technology shares, even as concerns about a global economic slowdown persisted. Investors are awaiting key events next week, including trade talks between the United States and China. “Even the stocks that are not doing well have not fallen much today. In general, that means the mood is quite positive,” said Jayant Manglik, president of retail distribution at Religare Broking in New Delhi, addi
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