Market News
2 min read | Updated on January 20, 2024, 16:22 IST
SUMMARY
The blue-chip Nifty 50 rose 0.16% to 21,656.95, while the S&P BSE Sensex advanced 0.14% to 71,781.64, as of 9:31 a.m. IST. The equity market is trading in a full session on Saturday
Stock list
Indian shares rise in Saturday session as banks bounce
Indian shares rose in a trading session on Saturday, helped by a bounce in banking stocks after an HDFC Bank-led slide earlier in the week, while investors awaited earnings reports from large private lenders, due later in the day.
The blue-chip Nifty 50 rose 0.16% to 21,656.95, while the S&P BSE Sensex advanced 0.14% to 71,781.64, as of 9:31 a.m. IST.
The equity market is trading in a full session on Saturday, and will remain shut on Monday due to a public holiday in Maharashtra state and as the central government observes a half-working day on the occasion of the inauguration of the Ram Temple in Ayodhya city.
The Nifty Bank index rose 0.7% on Saturday, after losing 5% over the last four sessions after top private lender HDFC Bank reported disappointing results.
Also aiding sentiment was a record high close overnight for the S&P 500 on Wall Street.
On Friday, IT stocks helped the benchmark indexes in Mumbai close higher, but not by enough to avoid a weekly loss after a three-session losing streak sparked by HDFC Bank.
The stock market was earlier set to trade in two special sessions on Saturday as the exchanges looked to test out a failsafe system for trading.
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