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Indian shares rise as metals gain; Infosys slides

BENGALURU (Reuters) – Indian shares rose on Thursday, as investors looked past rising coronavirus cases and a lockdown in Mumbai, and metals stocks added to strong gains this year, while Infosys fell sharply after reporting its quarterly results.

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, August 25, 2015. REUTERS/Shailesh Andrade/Files

The economically significant state of Maharashtra, home to Mumbai, entered a coronavirus lockdown and nationwide infections hit a new daily record of more than 200,000 on Thursday.

The NSE Nifty 50 index was up 0.29% at 14,546.45 by 0350 GMT, while the S&P BSE Sensex was 0.18% higher at 48,628.47.

Software services giant Infosys slid 4% after its March-quarter profit missed market expectations.

Metals shares, the biggest sectoral gainers this year amid a rise in commodity prices, added 2.76%.


Disclaimer :- This story has not been edited by The Sen Times staff and is auto-generated from news agency feeds. Source: Reuters


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