Indian shares rose for a fourth straight session early on Wednesday, with gains seen across the board, as Asian peers inched higher after Federal Reserve Chair Jerome Powell sounded less hawkish than expected in a testimony to Congress.
At 9.30 a m, the NSE Nifty 50 index rose 0.54% to 18,150.90, while the S&P BSE Sensex added 0.5% to 60,931.40. The blue-chip indexes have gained roughly 2% each this week.
Asian shares rose on Wednesday and the Nasdaq and S&P 500 recorded overnight their best sessions of 2022, after Powell said that the economy could handle the Covid-19 surge and tighter monetary policy.
Nifty's metal index, which dropped 1.9% in the previous session, was up 1.5%.
Top technology firms Wipro and Infosys were up roughly 0.5% each and Tata Consultancy Serviceswas flat. The companies will be reporting their third-quarter results later in the day.
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.