IT, energy stocks boost Indian shares as global risk mood lightens
BENGALURU (Reuters) -Information technology and energy firms drove Indian shares higher on Tuesday, tracking upbeat global risk sentiment in the absence of major domestic triggers as investors shrugged off worries over the Omicron COVID-19 variant.
The NSE Nifty 50 index was up 0.61% at 17,190 by 0515 GMT and the benchmark S&P BSE Sensex rose 0.59% to 57,757.26.
“Markets have been trying to consolidate after being extremely volatile over the past two weeks. We are trying to find a floor for the market around the 15,900-16,350 range. Even though equity markets have corrected, the valuation is still on the higher side,” said Vinod Nair, head of research at Geojit Financial Services.
