01-01-1970 12:00 AM | Source: Reuters
Indian shares rise on IT, metal boost; set for weekly loss
Indian shares opened higher on Friday, lifted by gains in tech and metal stocks after an overnight rally on Wall Street, but were headed for their first weekly loss in six.
The NSE Nifty 50 index was up 0.81% at 17,663.85, as of 0400 GMT, while the S&P BSE Sensex gained 0.8% at 59,245.16. The indexes are on course for a weekly loss of over 1%, after five straight weeks of gains.
The Nifty IT index climbed 1.6% after four straight sessions of losses, while the Nifty Metal index added 2%.
However, investors are likely to be cautious ahead of the U.S. Federal Reserve's annual monetary policy conference, looking for clues on how much higher U.S. interest rates would need to go and for how long.
Latest News
Insurance Sector Update : Motor drags down overall g...
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
Wipro shares nosedived over 9 pc after missed earnin...
Economic Survey links mental health disorders with '...
India's GDP growth for FY25 to surpass Economic Surv...
Evening Roundup : A Daily Report on Bullion Energy &...
FIIs stood as net buyers in equities as per July 22 ...
Union Budget: Experts urge government to remove 18 ...
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
Sensex ends lower ahead of Union Budget 2024-25