Indian shares hit all-time highs on financial, metals boost

Bengaluru, August 4 (Reuters): Indian shares hit record highs on Wednesday, led by financial and metals sectors, as June-quarter corporate earnings momentum boosted investor sentiment.

A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photo/Reuters)

By 0347 GMT, the blue-chip NSE Nifty 50 index (.NSEI) climbed 0.6% to 16,235 and the benchmark S&P BSE Sensex (.BSESN) rose 0.7% to 54,187.97.

The Nifty Financial Services Index (.NIFTYFIN) rose 0.9%, while the metals sub-index (.NIFTYMET) gained 1.5%. HDFC Ltd (HDFC.NS) was the top gainer on the Nifty 50 index, rising 1.7%.

India’s central bank begins its three-day policy meeting on Wednesday, where it is expected to leave interest rates at record lows for a seventh straight time on Friday. Markets are keeping an eye on liquidity measures taken by the central bank.

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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