Indian shares rise as metals, energy stocks gain
BENGALURU - 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 was up 0.62% at 17,620.50 by 0356 GMT, while the benchmark S&P BSE Sensex rose 0.54% to 59,103.72.
The Nifty metal and energy indexes were among the biggest gainers, up 1.36% and 1.4% respectively.
Among individual stocks, Axis Bank and PowerGrid Corporation of India 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. [MKTS/GLOB]
