01-01-1970 12:00 AM | Source: Reuters
Indian shares edge higher on consumer, IT gains
BENGALURU - Indian shares inched higher on Wednesday, helped by consumer and information technology stocks, while investors awaited earnings results from a slew of big companies due later in the day.
The blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex rose 0.1% each to 18,303 and 61,450 respectively, by 0352 GMT.
The Nifty fast moving consumer index rose 0.8%, while the information technology index climbed 0.6%.
Many top-tier companies including India's leading car maker Maruti Suzuki, Larsen & Toubro, cigarette maker ITC, Bajaj Auto, Titan Company and Adani Enterprises will report their earnings later in the day.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Subhranshu Sahu)
Latest News
Hold Motherson Sumi Wiring India Ltd For Target Rs.7...
Buy Endurance Technologies Ltd. For Target Rs.2,825 ...
Buy Latentview Analytics Limited For Target Rs.663 ...
India best place in world to provide sustainable inf...
India needs up to $30 billion investment in EV charg...
Textiles sector turning into another key source of i...
India`s business activity picks up momentum in Octob...
Buy Gujarat Gas Ltd. For Target Rs.660 By Motilal Os...
Buy Bharat Forge Ltd For Target Rs.1,700 By Emkay Gl...
National Consumer Helpline gets 1,000 firms on board...