ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Stocks

Shares jump as Fed rate hike bets recede; financials lead

MUMBAI (NewsRise) -- Indian shares rose to over a week's high Monday, outperforming other regional indices, as investors scooped up finance sector heavyweights amid cooling expectations of an early Federal Reserve rate increase.

The benchmark BSE Sensex rose 1.82% to 25,688.86 points, clocking its largest single day advance in almost a month and touching its highest level since April 27. The broader NSE Nifty50 index advanced 1.71% to 7,866.05 points.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more