BENGALURU, May 21 (Reuters) - Indian shares gained on Friday, helped by a rebound in financial stocks ahead of State Bank of India's quarterly results, and as new coronavirus infections remained below the 300,000 mark for a fifth straight day.
Daily coronavirus cases in India have fallen over the past few days after hitting a record of more than 414,000 earlier this month.
"Chances are very high now that lockdown restrictions in most states will start going away," said Gaurav Garg, head of research, CapitalVia Global Research.
"Companies which are directly impacted by lockdowns, like auto, realty and banking, are going to see a lot of buying."
State Bank of India (SBI.NS) rose 1.5% ahead of its March-quarter results. The country's largest lender by assets is expected to report a jump in net profit.
Investor sentiment was also helped by a rise in broader Asian markets, following overnight gains on Wall Street as fears receded about inflation and an early tapering of stimulus by the U.S. Federal Reserve.
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