Financials lift Indian shares after strong bank earnings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Indian stocks rose on Monday, after declines in the previous two sessions, helped by gains in financial stocks as banks reported strong quarterly results over the weekend.

"Financials is one pocket that cannot be ignored and will likely power markets in the near term," said Mayuresh Joshi, head of equity research at William O'Neil India.

The earnings from the financials space have been along expected lines on all key parameters such as advances growth, asset quality, net interest margin and provisioning, he added.. Most Asian markets were closed on Monday for the Lunar New Year holidays. However, analysts cautioned the domestic market will remain volatile as the jury is still out on the impact of rate hikes by global central banks, with valuations still stretched, and as foreign investors continue pulling out.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama