Indian shares rise, led by financials
2 weeks ago

Indian shares rise, led by financials

Live Mint  

By Bharath Rajeswaran -Indian shares rose on Thursday, led by financials, with analysts attributing the rise to cheaper valuations in the sector amid a lack of major triggers and thin trading as the year-end approaches. "The Nifty is consolidating within a narrow range of 23,900 to 23,500 levels this week, reflecting indecision among market participants," said Mandar Bhojane, research analyst at Choice Broking. Among individual stocks, drug maker Panacea Biotech rose 5% after receiving an order from UNICEF worth $14.95 million for the supply of 115 million doses of its bivalent oral polio vaccine, bOPV, in fiscal year 2025. Infrastructure company Ceigall India rose 3.5% after signing a deal with the National Highways Authority of India for a project worth 9.81 billion rupees.

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