Indian shares opened higher on Friday, tracking a rebound in global equities after a slew of measures to support the global banking system eased worries about a crisis in the financial sector. The Nifty 50 index was up 0.51 per cent at 17,071.85, while the S&P BSE Sensex rose 0.50 per cent to 57,925.12 as of 9:38 a.m. IST. The developments eased concerns of a crisis in the global banking system. Information technology stocks rose over 1 per cent and nine of its 10 constituents logged gains. Glenmark Life jumped over 4 per cent after declaring an interim dividend of ₹21 per share for fiscal 2023.

Source: The Hindu March 17, 2023 16:41 UTC