Sensex gains after strong opening, Nifty over 16,300

Indian shares rose on Monday, boosted by information technology stocks, while automaker Mahindra & Mahindra led gains on the back of posting a quarterly profit last week. By 9:31 am, the blue-chip NSE Nifty 50 index climbed 0.39% to 16,300.95 and the benchmark S&P BSE Sensex rose 0.39% to 54,487.42. The Nifty…

Sensex, Nifty rise as auto stocks gain on solid July sales data

Indian shares rose on Monday, helped by auto stocks as monthly data showed recovery in July sales after a second wave of COVID-19 cases had dented demand By 9:15 am, the blue-chip NSE Nifty 50 index climbed 0.5% to 15,845 and the benchmark S&P BSE Sensex rose 0.60% to 52,901.28. Both the indexes posted their third…