Indian shares track Asian markets higher; metals, auto stocks gain

Indian shares track Asian markets higher; metals, auto stocks gain

09 Dec 2019 11:53 AM
 

Indian shares inched higher on Monday as broader Asian equities rose on optimism from the strong U.S. data, although gains were capped by concerns about China's economic slowdown. The NSE Nifty 50 index rose 0.1% to 11,37.65 and the S&P BSE Sensex edged up 0.14% to 40,500.06

Nifty metals index rising 1.07%. The auto index was also up 1%, buoyed by Maruti Suzuki The automobile major's shares were among the top advancing stocks on the Nifty. Zee Entertainment was also among the top gainers for the morning, rising 1.44%. IT stocks were the biggest laggards, as the sector's main sub-index fell 0.53%. The Nifty fast-moving consumer goods sub-index shed 0.47%. Bharti Infratel shed 1.52% and was the top loser among Nifty stocks. Tech Mahindra fell 1%.

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