Indian shares rise; ICICI Bank, oil marketers gain

Indian shares rise; ICICI Bank, oil marketers gain

At 9.22 a.m, the Sensex was trading up 105.40 points or 0.30% at 35,313.54 with 18 components gaining.

USA crude, however, topped the $75 mark for the first time since 2014.

The stock markets started Tuesday's session on a positive note, with the BSE benchmark index Sensex gaining 180 points and the NSE Nifty advancing as much as 43 points.

ICICI Bank topped the gainers list by surging 6.86% even as the private sector lender posted a 45% plunge in Q4 profit at Rs 1,142 crore due to a spike in bad loans. It touched a low of 10,689 intra-day.

However, capital goods slipped 0.85 percent, consumer durables 0.81 percent, teck 0.57 percent, IT 0.53 percent, auto 0.42 percent, infrastructure 0.19 percent, healthcare 0.18 percent and metal 0.16 percent. On the BSE, 1,509 shares declined, 1,175 shares gained while 126 shares remained unchanged.

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In the broader market, the BSE Midcap was marginally lower by 0.24%, while the BSE Smallcap was up 0.02%.

ICICI Bank (+7%), HPCL (+3.5%), BPCL (+2.3%), SBI (+1.9%) and Eicher (+1.5%) were the top gainers on Nifty50.

Asian shares were mixed despite the strong closing on Wall Street as investors digested last weeks trade talks and United States jobs numbers.

In the domestic market, on Friday, investors bought shares worth a net Rs 1,084.09 crore, while foreign portfolio investors sold shares worth Rs 1,628.23 crore, according to provisional data.

On the other hand, Mahindra & Mahindra (0.85%), Infosys (0.71%), Wipro (0.69%), Hindustan Unilever (0.57%), Kotak Mahindra Bank (0.37%), and HDFC Bank (0.31%) were the biggest losers in the Sensex.

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