Indian shares rise as metals rebound
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BENGALURU - Indian shares rose on Tuesday, lifted by gains in metal, technology and automaker stocks, although concerns lingered about a hit to growth from aggressive central bank rate hikes.
The NSE Nifty 50 index rose 0.76% to 15,467.15, as of 0354 GMT, while the S&P BSE Sensex climbed 0.71% to 51,964.76.
The blue-chip indexes are set for a second straight session of gains after suffering heavy losses last week on fears that aggressive rate hikes around the globe to curb inflation could lead to a recession.
The Nifty Metal index was among the best performing sub-indexes, rising as much as 2.3% after plumbing 14-month lows in the previous session. Tech stocks rose 1.6%, while automakers advanced 1.2%.
KEC International climbed 5.9% after the construction company said it bagged orders worth 10.92 billion rupees ($139.97 million).
