Indian Sensex rises 0.5%, driven by financial and technology stocks
Indian Sensex rises 0.5%, driven by financial and technology stocks
Updated October 17, 2023 at 12:23 a.m. ET
04:17 GMT — Indian stocks are rising, driven by gains in financial and technology stocks, as initial fears of an escalation of conflict in the Middle East fade. Bajaj Finance is up 1.2% and Tech Mahindra is 0.8% higher. Among individual movers, CEAT is up 7.0% after a sharp increase in second quarter net profit year-on-year. ICICI securities is 3.9% higher after second quarter net profit increased 41% year-on-year. Investors are focusing on the results and latest developments in the war between Hamas and Israel. The benchmark Sensex rose 0.5% to 66482.68. (kosaku.narioka@wsj.com; @kosakunarioka)
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