Indian shares track broader Asia higher on Ukraine hopes
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BENGALURU - Indian shares rose to their highest since mid-February on Wednesday, led by auto makers and as appetite for risky assets improved globally on signs of progress in Ukraine-Russia peace talks.
The NSE Nifty 50 index climbed 0.4% to 17,394.7, as of 0355 GMT, and the S&P BSE Sensex rose 0.43% to 58,190.82.
Most global equity markets reacted positively to Russia's promises on Tuesday to scale down its military operations near Kyiv and surrounding cities, though on the ground, reports of attacks continued. [MKTS/GLOB]
In Mumbai, the Nifty Auto index gained 1.2%, led by a 2.8% rise in Hero MotoCorp, while the Nifty Metal index slipped 1.8% as metal prices eased.
Oil and Natural Gas Corp slid 4.9% to a two-week low after the oil producer said India would sell an up to 1.5% stake in the company.
(Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu Sahu)
