Key Points
higher at 16,985.70, and the S&P BSE Sensex rose 0.22% to 57,653.86..
The broader Asian equity indexes were largely subdued...
Indian shares edged up on Monday, snapping two days of losses, as global authorities took steps to contain the banking turmoil, helping dispel some of the contagion fears...
Five of the 13 major sectoral indexes advanced, with Nifty Pharma leading gains with a 1% increase.. Meanwhile, news of First Citizens BancShares agreeing to buy the collapsed Silicon Valley Bank, and the U.S. Federal Reserve and the European Central Bank saying they are keeping a close watch on the impact of banking stress lent an uneasy calm to the markets...
"Expect some stability in Indian markets after swift action by regulators on banking crisis so far in the West," said Anita Gandhi, director at Arihant Capital Markets...
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