Financials, Reliance lead Indian shares higher

Sbi Life Insurance

21/08/2025 07:40

** Nifty 50 .NSEI, BSE Sensex .BSESN rise 0.3% each; set for sixth straight session of gains

** Thirteen of 16 major sectors advance

** Financials .NIFTYFIN up 0.4%; SBI Life SBIL.NS, ICICI Lombard ICIL.NS up 1% each after GST panel of Indian state ministers proposes exempting taxes on health, life insurance premiums for individuals

** Reliance Industries RELI.NS, third-heaviest stock on NSEI, climbs 1%; JP Morgan reiterates "overweight", citing reasonable valuations, positive stock drivers

** IT index .NIFTYIT, up ~3% in last two sessions, rises 0.3% ahead of Fed Chair Jerome Powell's comments at Jackson Hole

** Among individual stocks, HDB Financial HDBF.NS gains 2.4%; Motilal Oswal starts with "neutral"

** Jupiter Wagons JUWL.NS jumps 10% on 2.15 bln-rupee ($24.7 mln) order win

($1 = 86.9460 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)

 ((kashish.tandon@thomsonreuters.com))