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Monday, August 28, 2023

Financials lead rise in sensex, Nifty; small and mid-caps outperform

Indian shares rose on Monday as concerns over deposit growth at HDFC Bank eased, lifting financials. The Nifty 50 index settled 0.21% higher, while the Sensex rose 0.17%. Mid-caps and small-caps outperformed, driven by strong retail inflows. Financials rose 0.55%, with HDFC Bank adding 1.04% after Goldman Sachs reiterated a "buy" rating.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7MovstJ

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