Heavyweights Tata Motors and Maruti Suzuki were up 2.9 per cent and 1.1 per cent, respectively, after monthly sales numbers were released | Photo Credit: bluebay2014
Indian shares opened higher on Monday, lifted by strong performance in auto stocks following monthly sales data, even as investors remained cautious over the spike in Omicron cases in the country during the holiday weekend.
Another blockbuster year ahead for IPOs; mop-up to hit ₹2-lakh crore
With several markets in Asia and Europe closed, trading volumes in India were thin and most markets directionless.
Market expected to begin the first session of 2022 on a flat note
As of 0354 GMT, the NSE Nifty 50 index was up 0.50 per cent at 17,440.30 and the benchmark S&P BSE Sensex gained 0.56 per cent to 58,582.41 points.
New Covid infections
The Nifty auto index rose 1.28 per cent, with heavyweight automakers Tata Motors and Maruti Suzuki up 2.9 per cent and 1.1 per cent, respectively, after monthly sales numbers were released.
According to the health ministry data, India logged 33,750 new Covid-19 cases in the past 24 hours, the highest since September 18. The country witnessed a fresh wave of infections, including those of the Omicron variant during the weekend.
Published on January 3, 2022
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.