Indian shares edge up as government offers free COVID-19 vaccines to adults
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BENGALURU - Indian shares edged up on Tuesday, extending gains from a record high close in the previous session, as the government offered free COVID-19 vaccines to all adults, boosting sentiment as parts of the country ease restrictions.
The blue-chip NSE Nifty 50 index rose 0.09% to 15,765.55 and the benchmark S&P BSE Sensex was up 0.11% at 52,384.61 by 0352 GMT.
Both the indexes closed at a record high on Monday, bolstered by hopes that the economy would pick up as some states eased COVID-19 lockdowns.
India will provide free COVID-19 vaccines to all adults, Prime Minister Narendra Modi said on Monday after markets closed, in an effort to rein in a pandemic that has killed hundreds of thousands.
Technology stocks boosted the Nifty 50 index, with software services firms Infosys Ltd and Tata Consultancy Services Ltd rising 1.1% and 0.8%, respectively.
The Nifty IT index was up 1.1%, hitting a record high and leading gains among other subindexes.
Daily COVID-19 cases in India have been on a downward trend since early May, with data from the health ministry on Tuesday showing 86,498 infections in the last 24 hours, the lowest in 66 days.
