Asian stocks recouped some of their steep losses from the previous session after US markets limited further decline following hawkish comments from the Fed, supported by a firm economy and strong earnings at Apple Inc. [MKTS/GLOB]
The NSE Nifty 50 index was up 0.7% at 17219.0354 GMT. The S&P BSE Sensex gained 0.5% to 57,583.06.
The Nifty Banks Index and the Public Sector Banks Index rose 0.7% each after the Punjab National Bank, Canara Bank and RBL Bank posted strong profits, bolstering the economy. appetite for risk.
The Nifty Energy Index rose 1.44%, while the Information Technology Index gained 1.7%.
Shares of Bharti Airtel soared 2.5% after announcing that Alphabet Inc.’s Google would invest up to $1 billion in the telecom operator.