{"id":114968,"date":"2021-05-24T07:45:40","date_gmt":"2021-05-24T07:45:40","guid":{"rendered":"https:\/\/fin2me.com\/?p=114968"},"modified":"2021-05-24T07:45:40","modified_gmt":"2021-05-24T07:45:40","slug":"indian-shares-rise-as-sbi-holds-gains-daily-covid-19-cases-decline","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/indian-shares-rise-as-sbi-holds-gains-daily-covid-19-cases-decline\/","title":{"rendered":"Indian shares rise as SBI holds gains, daily COVID-19 cases decline"},"content":{"rendered":"
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS\/Francis Mascarenhas<\/figcaption>

BENGALURU (Reuters) – Indian shares rose on Monday as heavyweight State Bank of India continued to climb following its quarterly results last week, and the country\u2019s daily COVID-19 cases stayed below the 300,000-mark for more than a week.<\/p>\n

The blue-chip NSE Nifty 50 index was up 0.33% at 0.33 at 15,222.40 by 0459 GMT, while the benchmark S&P BSE Sensex rose 0.38% at 50,706.87. Both the indexes rose more than 3% last week.<\/p>\n

The Nifty PSU bank index advanced the most among sub-indexes early on Monday, rising 2.3%. State Bank of India boosted the index, gaining as much as 4.5%.<\/p>\n

Aiding sentiment, data from the health ministry showed daily cases of the novel coronavirus in India stayed below the 300,000 for the eighth straight day on Monday, well below a record of more than 414,000 earlier this month.<\/p>\n

Shares of Natco Pharma jumped 20% after the drug maker on Friday began phase III clinical trials of Molnupiravir capsules For COVID-19 treatment.<\/p>\n

In the broader Asian markets, shares got off to a cautious start as investors awaited key U.S. inflation readings for guidance on monetary policy, while Bitcoin took a hammering after China cracked down on mining and trading of the cryptocurrency. [MKTS\/GLOB]<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. 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