A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File Photo
BENGALURU, Aug 4 (Reuters) – Indian shares hit record highs on Wednesday, led by financial and metals sectors, as June-quarter corporate earnings momentum boosted investor sentiment.
By 0347 GMT, the blue-chip NSE Nifty 50 index (.NSEI) climbed 0.6% to 16,235 and the benchmark S&P BSE Sensex (.BSESN) rose 0.7% to 54,187.97.
The Nifty Financial Services Index (.NIFTYFIN) rose 0.9%, while the metals sub-index (.NIFTYMET) gained 1.5%. HDFC Ltd (HDFC.NS) was the top gainer on the Nifty 50 index, rising 1.7%.
India’s central bank begins its three-day policy meeting on Wednesday, where it is expected to leave interest rates at record lows for a seventh straight time on Friday. Markets are keeping an eye on liquidity measures taken by the central bank. read more
Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V
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