Indian shares rise as metals, energy stocks gain

  • 12/13/2021
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Indian shares rose on Monday, helped by gains in metals and energy stocks, with sentiment also aided by global markets pushing ahead on hopes COVID-19 vaccines would limit the economic fallout from the Omicron variant. The blue-chip NSE Nifty 50 index (.NSEI) was up 0.62% at 17,620.50 by 0356 GMT, while the benchmark S&P BSE Sensex (.BSESN) rose 0.54% to 59,103.72. The Nifty metal and energy indexes (.NIFTYMET), (.NIFTYENR) were among the biggest gainers, up 1.36% and 1.4% respectively. Among individual stocks, Axis Bank (AXBK.NS) and PowerGrid Corporation of India (PGRD.NS) gained about 2% and 3%, respectively. Tega Industries will make its market debut on Monday. Asian stocks pushed ahead with investors seemingly confident markets can weather whatever comes from a host of central bank meetings this week, including the likely early end to U.S. policy stimulus.

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