India's Nifty 50, Sensex open higher led by financials
The non-banking finance company jumped as much as 8% after reporting 34% growth in new loans for the June quarter.
"Strong buying in index heavyweights, growth in GST collections in June and reduction in monsoon deficiency are the key factors behind the momentum in markets," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services."There is no room for exuberance since the valuations do not allow an unabated rally," said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
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