Indian Shares Rise on Bank Gains and Strong Earnings
The Nifty 50 and Sensex gained as HDFC Bank and ICICI Bank led a financial sector rally. Strong quarterly results from LIC and Honasa Consumer helped markets overcome geopolitical uncertainty and high crude oil prices.
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India's benchmark Nifty 50 rose 0.6% to 23,796.7 on May 22 as strong corporate earnings offset Middle East geopolitical tensions. The BSE Sensex gained 0.7% to 75,710.03, led by a 1.3% rise in financial stocks. Resilient domestic fundamentals are shielding Indian equities from volatility in global energy markets and diplomatic uncertainty.
