April 26, 2019 / 10:57 AM / 5 months ago

Indian shares climb in late trade on banking, metals boost

* NSE index gains 0.97 pct, BSE ends 0.87 pct higher

* ICICI Bank top boost, up 3 pct

* Tata Steel sees best day in nearly 2 years

April 26 (Reuters) - Indian shares surged in late trade on Friday on the back of gains in private banks and metal stocks, with ICICI Bank Ltd climbing to a record closing high.

The broader NSE index ended 0.97 percent higher at 11,754.65, while the benchmark BSE index closed up 0.87 percent at 39,067.33. Both indexes ended nearly flat for the week.

ICICI Bank jumped 3 percent and was the top boost to the indexes, while Axis Bank Ltd rose 2.6 percent after reporting solid results for the fourth quarter.

Tata Steel Ltd, up 6.8 percent, saw its best day in nearly two years after the steelmaker beat expectations for quarterly profit. The stock was the top gainer on the indexes and drove the Nifty Metal Index 1.9 percent higher.

IT bellwethers Tata Consultancy Services Ltd and Infosys Ltd climbed 1.3 percent and 2 percent, respectively.

For the mid-day report, click: (Reporting by Chris Thomas in Bengaluru; Editing by Rashmi Aich)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below