Indian shares rise on stronger metal stocks
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BENGALURU (Reuters) - Indian shares opened higher on Wednesday, helped by gains in metal stocks, while record highs hit by U.S. stocks overnight also aided sentiment.
By 0347 GMT, the blue-chip NSE Nifty 50 index climbed 0.30% to 16,329.05 and the benchmark S&P BSE Sensex rose 0.27% to 54,702.44
The Nifty Metal index advanced the most among sectoral indexes, adding 2.22% in early trading. The sub-index gained 1.23% last week.
Tata Steel Ltd and JSW Steel Ltd were among the top gainers on the Nifty, both rising more than 2%.
Shares of Zomato Ltd rose 2.8%, a day after the food delivery company reported a jump in first-quarter consolidated revenue to 8.44 billion rupees ($113.41 million).
In the broader Asian market, shares held back on fears about the spread of the coronavirus despite a record close on Wall Street after the U.S. Senate passed a $1 trillion bipartisan infrastructure package.
