Nifty scales 16,000 as investors eye economic recovery

Indian shares ended higher on Tuesday, with the blue-chip Nifty index surpassing the 16,000 level for the first time, as investors bet on a faster recovery in Asia’s third-largest economy following a devastating second COVID-19 wave. The NSE Nifty 50 index ended up 1.55% at 16,130.75 and the benchmark S&P BSE…