Indian shares rise on metals, IT boost; SpiceJet jumps
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian shares edged higher on Thursday, in line with Asian peers, helped by gains in metals, tech and auto companies, with investors eyeing quarterly updates from companies ahead of corporate earnings season.
The NSE Nifty 50 index rose 0.54% at 17,364.30 as of 0354 GMT, while the S&P BSE Sensex was up 0.5% at 58,353.9. The markets were closed for a holiday on Wednesday.
Shares of SpiceJet Ltd surged about 9% on Thursday after a report said that the budget airline is expected to receive an additional 10 billion Indian rupees ($122.7 million) loan under the government's modified Emergency Credit Line Guarantee Scheme.
Shares of Zee Entertainment Enterprises rose 4% after India's competition regulator on Tuesday approved a merger between the company and Indian unit of Japan's Sony.
The Nifty metals index rose 1.4%, while the IT and auto indexes gained 1.3% and 1.1%, respectively.
