Indian shares rise as metals gain; Infosys slides
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BENGALURU - Indian shares rose on Thursday, as investors looked past rising coronavirus cases and a lockdown in Mumbai, and metals stocks added to strong gains this year, while Infosys fell sharply after reporting its quarterly results.
The economically significant state of Maharashtra, home to Mumbai, entered a coronavirus lockdown and nationwide infections hit a new daily record of more than 200,000 on Thursday.
The NSE Nifty 50 index was up 0.29% at 14,546.45 by 0350 GMT, while the S&P BSE Sensex was 0.18% higher at 48,628.47.
Software services giant Infosys slid 4% after its March-quarter profit missed market expectations.
Metals shares, the biggest sectoral gainers this year amid a rise in commodity prices, added 2.76%.
(Reporting by Sachin Ravikumar in Bengaluru; editing by Uttaresh.V)
