Indian shares edge higher on auto, metal stocks strength

Indian shares edge higher on auto, metal stocks strength

09 Dec 2019 04:02 PM
 

 Indian shares ended higher on Monday, as gains in auto and metal stocks offset losses in information technology and consumer sectors. The NSE Nifty 50 index ended 0.13% higher at 11,936.95 and the S&P BSE Sensex closed up 0.1% at 40,487.43.

 Auto stocks led gains as the sector's main sub-index <.NIFTYAUTO> closed up 0.73%. Maruti Suzuki <MRTI.NS> gained 1.82% as the company announced higher production for November last week. The Nifty metals index <.NIFTYMET> rose 0.63% and was also among the top gainers among sectors. Meanwhile, the Nifty IT index <.NIFTYIT> and the Nifty fast-moving consumer goods index <.NIFTYFMCG> fell 0.87% and 0.53%, respectively to end as the day's biggest laggards. State-owned refiner Bharat Petroleum Corp <BPCL.NS> rose 2.2%, while India's second-most valuable company Tata Consultancy Services <TCS.NS> dropped nearly 3%.

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