- Title: Indian shares gain on boost from tech stocks
- Date: 16th March 2021
- Summary: MUMBAI, MAHARASHTRA, INDIA (MARCH 16, 2021) (ANI - NO USE INDIA) BOMBAY STOCK EXCHANGE (BSE) BUILDING/PEOPLE WALKING VARIOUS OF BSE BUILDING VARIOUS OF STATUE OF BULL PEOPLE WALKING NEAR BSE (SOUNDBITE) (English) STOCK MARKET EXPERT, SUNIL SHAH, SAYING: "As I am talking to you market, meaning Sensex is flat around 50-60 points. It was up by more than 300 points at one poin
- Embargoed: 30th March 2021 11:18
- Keywords: Bombay StockExchange India Maharashtra Mumbai NIFTY Sensex share market stocks
- Location: MUMBAI, MAHARASTRA, INDIA
- City: MUMBAI, MAHARASTRA, INDIA
- Country: India
- Topics: Asia / Pacific,Economic Events
- Reuters ID: LVA001E4C0FV3
- Aspect Ratio: 16:9
- Story Text: Indian shares rose on Tuesday (March 16), supported by gains in IT stocks, while global equities advanced ahead of a slew of central bank meetings, starting with the U.S. Federal Reserve.
The NSE Nifty 50 index rose 0.51% to 15,005.85 by 0457 GMT, while the S&P BSE Sensex climbed 0.61% to 50,703.15. Both the indexes shed about 0.7% each on Monday, hurt by surging COVID-19 cases and weak economic data.
Investors in Indian equities have trimmed their positions in March due to a resurgence in domestic COVID-19 infections and rising U.S. bond yields, bringing the monthly gains so far to just about 3% against a 6.6% jump in February.
Among individual shares and sectors, index heavyweights Infosys and Tata Consultancy Services were among the top boosts to the Nifty 50, adding more than 1.5% each.
That pushed the Nifty IT index 1.34% higher - the biggest among sectoral indexes.
Other Asian stocks tracked an advance on Wall Street overnight, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.7%. - Copyright Holder: ANI (India)
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