Indian shares opened higher on Monday, led by private lender ICICI Bank, after it surpassed second-quarter profit estimates on healthy loan demand.The NSE Nifty 50 rose 0.33% to 24,263.3 points as of 9:28 a.

ICICI Bank shares soared over 3% after the bank reported a 14.5% growth in standalone profits, reaching Rs 11,746 crore in Q2 2024. The profit boost is attributed to increased interest and total income.

Shares of the country's second largest private lender ICICI Bank rose as much as 3.62 per cent to hit an intraday high of Rs 1,300.95 after it surpassed earnings estimates in second quarter of current financial year on Saturday.

By Bharath Rajeswaran (Reuters) -Indian shares rose on Monday, after five consecutive sessions of losses, as ICICI Bank's better-than-expected quarterly profit led the heavyweight financials sector higher.

ICICI Bank reported its Q2 results on Saturday. What Happened: ICICI Bank's net profit jumped 14.5% year on year to ₹11,745.88 crore in the September quarter. The company's net interest income (NII) gained 9.