BENGALURU, Nov 15 (Reuters) - Indian shares rose on Monday,
boosted by banking, auto, and pharmaceutical stocks, with
sentiment aided by upbeat Asian markets following strong Chinese
The blue-chip NSE Nifty 50 index rose 0.18% to
18,135.5 and the benchmark S&P BSE Sensex rose 0.21% to
60,811.7 by 0459 GMT.
The Nifty Pharma Index was up about 1.13%, led by
Laurus Labs and Biocon Ltd that rose 6.5%
and 2.3% respectively.
Apollo Hospitals climbed 9% after the company's
net profit and revenue rose in the September quarter.
Top gainers on the indexes included government-run Oil and
Natural Gas Corporation, up as much as 4.91%, after
reporting a near seven-fold jump in second-quarter net profit.
Indian cosmetics-to-fashion platform FSN E-Commerce Ventures
Ltd, which owns the Nykaa brand, fell as much as 7.4%
In its first earnings report following a blockbuster market
debut last week, the Falguni Nayar-led Nykaa on Sunday reported
a 96% slump in quarterly net profit, hurt by higher marketing
and advertisement expenses.
Among market debutants, SoftBank-backed PolicyBazaar's
parent PB Fintech opened at a premium 17% to the IPO
price. Refined wood pulp maker Sigachi Industries
listed at a 250% premium over its IPO price of 163 rupees.
"The domestic market looks comfortable, with a lot of IPOs
and an overall good quarterly performance by Indian companies,"
said Sumit Pokharna, VP Research at Kotak Securities.
He also said that the market was upbeat about the listing of
new digital companies, and that the only concerns that remain
are global factors such as inflation and a strengthening dollar.
In broader Asian markets, shares edged higher as Chinese
economic data surprised on the high side, with annual growth in
retail sales and industrial output both handily beating
($1 = 74.3620 Indian rupees)
(Reporting by Vishwadha Chander in Bengaluru; editing by