BENGALURU (Reuters) – Indian shares rose on Wednesday as global risk appetite was fueled by the U.S. Federal Reserve’s commitment to keep interest rates low, with state-run companies and index-heavy trust businesses leading the way. costs.
The NSE Nifty 50 index rose 0.43% at 14,768.80 by 0350 GMT, while the SSE BSE Sensex gained 0.33% to 49,935.18.
Asian shares rose more broadly, with MSCI’s broadest index of Asia-Pacific shares outside Japan rising 0.3% after the Fed promised that the U.S. central bank expected a monetary policy keep loose for a long time.
In Mumbai, Reliance Industries was the main driver for the Nifty 50 index, rising 1.1%. Shares of Coal India were the main percentage gain, climbing 3.2%.
The Nifty PSE index, which oversees state-owned companies, outperformed Nifty’s sub-indices, rising 1.3%. The index rose 6.2% last week.
Lenders Housing Development Finance Corp. and software services giant Infosys were the top slows on the Nifty 50, falling around 0.5% each.
Shares of UPL fell 3.4% and were the main percentage losers on the Nifty 50. The agrochemical manufacturer said Tuesday that a fire at its plant in the western state of Gujarat killed two and killed 26 injured.
(Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu)