Indian shares rose on Monday as gains in the second-largest private lender ICICI Bank on better-than-expected quarterly profit spurred a rise in heavyweight financials. NSE Nifty 50 rose 1% at 22,643, while the S&P BSE Sensex added 1.28% to 74,671. Analysts expect the market to continue its upward trend with key indicators showing positive signals. US and European markets also showed positive momentum.
Experts suggest that Vedanta is in a favorable position to leverage the surge in commodity prices.
Analysts reveal that Airtel’s selling and distribution costs are much higher compared to Jio. This article discusses the possible reasons behind this difference and its implications for both telecom companies.
Analysts at most brokerages retained their share price targets on State Bank of India, after the lender’s second quarter results beat market estimates. The stock, however, slid 0.7% to ₹573.95 in a firm market on Monday.
