• Thursday, March 28, 2024

Business

Indian shares surge, BSE index crosses 38,000 level for first time

India’s benchmark BSE crossed 38000 points on Thursday as financial stocks recorded an upward movement.

By: Radhakrishna N S

Indian shares continued their upward movement for Thursday, today (9) mainly driven by the financial stocks, such as ICICI Bank and State Bank of India (SBI) and the benchmark Bombay Stock Exchange (BSE) index has crossed 38,000 points for the first time. India’s third biggest lender, ICICI Bank stocks were seen trading with an up-tick of 8.5 per cent, highest since February to 3.92 GBP. The surge in the prices of ICICI bank is mainly due to the change in its accounting policy, media reports said. India’s central bank, the Reserve Bank of India (RBI) on Wednesday (8) approved transfer…

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