Indian shares hit all-time highs on financial, metals boost

India's central bank begins its three-day policy meeting on Wednesday

  
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020.

REUTERS/Francis Mascarenhas

BENGALURU - 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 climbed 0.6% to 16,235 and the benchmark S&P BSE Sensex rose 0.7% to 54,187.97.

The Nifty Financial Services Index rose 0.9%, while the metals sub-index gained 1.5%. HDFC Ltd 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.

(Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V) ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))


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