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Saturday, September 19th, 2020

Nifty, Sensex shares rise; old banknote deposits swell at lenders

by November 29, 2016 General

Indian shares rose on Tuesday for a second consecutive session after the Reserve Bank of India (RBI)said lenders had received 8.45 trillion rupees ($123.07 billion) in deposits, a substantial amount of the notes that were declared worthless earlier this month.

Sensex rose 0.17 percent to 26,394.01, after rising as much as 0.90 percent in the session.

Nifty rose 0.19 percent to 8,142.45.

($1 = 68.6600 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Vyas Mohan)

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