---
title: "Indian shares rise as earnings, private banks offset Mideast worries"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287311124.md"
description: "Indian shares rose on Friday, driven by private banks and strong company earnings, which helped mitigate concerns over Brent crude prices near $105 amid U.S.-Iran tensions."
datetime: "2026-05-22T04:49:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287311124.md)
  - [en](https://longbridge.com/en/news/287311124.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287311124.md)
generator: "portal-rs"
---

# Indian shares rise as earnings, private banks offset Mideast worries

By Bharath Rajeswaran and Vivek Kumar M

May 22 (Reuters) - Indian shares rose on Friday, led by private banks and supported by resilient company ‌earnings, offsetting worries over Brent crude trading near $105 a barrel amid ‌uncertainty around U.S.-Iran peace talks.

The two sides stuck to opposing stances on Thursday over Tehran's uranium ​stockpile and controls on the Strait of Hormuz, although U.S. Secretary of State Marco Rubio said there had been "some good signs" in talks.

The benchmark Nifty 50 rose 0.6% to 23,796.7 and the BSE Sensex gained 0.7% to 75,710.03, as of 10:15 ‌a.m. IST.

Ten of the 16 ⁠major sectors advanced. The broader small-caps and mid-caps traded flat.

The top two benchmark stocks by weightage, private lenders HDFC Bank and ⁠ICICI Bank rose 2% each, lifting financials 1.3% higher.

"Macro noise is repeatedly interrupting resilient micro fundamentals in terms of earnings, suggesting that there is no free run in ​markets ​and bringing some much-needed realism," said Anuj ​Jain, co-founder of Green Portfolio PMS.

"While ‌earnings have been resilient so far, markets still need several variables to fall into place to break out of the current consolidation phase: crude prices must stay benign, inflation has to remain under control, and geopolitical risks must not flare up," he added.

Life Insurance Corporation of India rose 2% after reporting a quarterly ‌profit rise, helped by strong group business ​growth.

Honasa Consumer Care jumped 8.5% after posting higher ​March quarter profit, aided by ​mid-teens growth at Mamaearth and continued strong momentum in younger ‌brands.

VA Tech Wabag and Rashtriya Chemicals gained ​3.6% and 5.5% ​on posting a sharp uptick in March quarter profit.

Central Bank of India fell 5.4% after the government launched an offer for sale of up ​to an 8% stake in ‌the state-owned lender, with the floor price set at an 8.6% ​discount to Thursday's close.

(Reporting by Vivek Kumar M and Bharath Rajeswaran; ​Editing by Subhranshu Sahu and Ronojoy Mazumdar)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**