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Indian shares edged up on Tuesday after tumbling as much as 3% in the previous session, helped by gains in information technology and metal stocks even as surging Omicron COVID-19 cases threaten global economic recovery.

The NSE Nifty 50 index rose 0.75% to 16,740 by 9:16 am and the benchmark S&P BSE Sensex gained 0.86% at 56,300.28.

Investors have been keeping a tab on the spread of Omicron variant and associated restrictions, as New Zealand delayed the planned reopening of its international border and several other countries reimposed social distancing measures.

Shares of Adani Enterprises rose 1.5% after the company was awarded infrastructure projects worth 170.85 billion rupees.

The Nifty IT index rose 1.2%, while the metals index gained 1.7%.

Author

India today

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