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Sensex, Nifty hit near nine-month high as strong SBI earnings lifts banks

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Indian shares on Thursday climbed to their highest levels since February as strong earnings from the country's biggest lender State Bank of India (SBI) boosted banks, with metal and IT stocks helping build on the gains.

BENGALURU - Indian shares on Thursday climbed to their highest levels since February as strong earnings from the country’s biggest lender State Bank of India boosted banks, with metal and IT stocks helping build on the gains.

The NSE Nifty 50 index rose 1.5% by 0500 GMT after opening above the 12,000-mark for the first time since Feb. 20. The S&P BSE Sensex climbed 1.52% to 41,235.42. The banking index rose for a fourth straight session since private-sector lender ICICI Bank reported a higher profit last week.

 

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