Sensex, Nifty Rise For Fourth Session As Autos, Banks Gain

BENGALURU: Indian shares rose for a fourth straight session on Wednesday, led by banking and automotive stocks after the country’s finance minister said lowering taxes on some types of vehicles was a “good suggestion”.

The NSE Nifty 50 index was up 0.27% at 11,503.15 by 0400 GMT, while the S&P BSE Sensex was 0.25% higher at 38,937.13.

All 12 major sectoral indexes were higher and the Nifty autos index rose the most with a 1.6% climb. Hero Moto Corp rose 3.6%, while Bajaj Auto climbed 2.9%.

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Fire Breaks Out In ICU Unit Of Gujarat’s Guru Gobind Singh Govt Hospital In Jamnagar | Top18

Indian Finance Minister Nirmala Sitharaman, speaking to industry executives at a virtual briefing, said so-called two-wheeler vehicles merited a rate revision, in response to a question about cutting goods and services tax rates on those vehicles, the Confederation of Indian Industry said on Tuesday.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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