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Indian shares rise, Sensex breaches 38,000

Published: August 9, 2018

STORY: Indian shares rose to fresh highs on Thursday (August 09), with the benchmark BSE index crossing the 38,000 mark for the first time, driven by financial stocks such as ICICI Bank Ltd and State Bank of India.

India’s third-biggest lender by assets, ICICI Bank, gained as much as 8.5 percent to 345.85 rupees, its highest since February 1.

The broader NSE Nifty was up 0.12 percent at 11462.15 as of 0547 GMT while the benchmark BSE Sensex was 0.24 percent higher at 37979.15. The indexes hit record highs earlier in the session.

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