Indian shares edge higher on buoyant risk sentiment

Dubai - India's Nifty index on Wednesday closed above the 10,000 mark for the first time since mid-March.

Indian shares edged higher on Thursday, holding on to a more than 1,000-point rally in the past six sessions, with investors betting on a gradual economic recovery as lockdowns ease.
The NSE Nifty 50 bluechip index rose 0.44 per cent to 10,108 as of 0350 GMT, while the S&P BSE Sensex was up 0.46 per cent at 34,267.56. The Nifty 50 has risen 5.6 per cent so far this week, after a similar rally last week.
The sentiment was also aided by gains in Asian markets, which rose to a two-month high, on hopes of more government stimulus to help economies come out of the impact of the global coronavirus pandemic.
India's Nifty index on Wednesday closed above the 10,000 mark for the first time since mid-March as the economy re-emerges from coronavirus lockdowns and risk appetite picks up in global markets.
The NSE Nifty 50 bluechip index and the S&P BSE Sensex rose nearly 2 per cent earlier in the day, but gave up some gains in the last one hour as investors booked profits. The Nifty 50 ended up 0.83 per cent at 10,061.55, while the Sensex closed 0.84 per cent higher at 34,109.54.
The Nifty-50 bluechip index has risen 5per cent so far this week, following a similar rally last week. The indexes rose for a sixth straight session, their longest winning streak since October 2019.
Meanwhile Indian rupee is currently quoting at 75.47 against US dollar to quote at Dh20.56. The Indian currency surrendered all intra-day gains to provisionally settle 11 paise lower at 75.47 against US dollar on Wednesday, even as domestic equities were trading in positive territory. - With inputs from Reuters, business@khaleejtimes.com