Nifty, Sensex edge higher on buoyant risk sentiment
Thu Jun 04 2020
Rajesh Sharma (1998 articles)

Nifty, Sensex edge higher on buoyant risk sentiment

A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File Photo

Indian shares edged higher on Thursday, holding on to a more than 1,000-point rally in the past six sessions, with investors betting on a gradual economic recovery as lockdowns ease.

The NSE Nifty 50 bluechip index rose 0.44% to 10,108 as of 0350 GMT, while the S&P BSE Sensex was up 0.46% at 34,267.56.

The Nifty 50 has risen 5.6% so far this week, after a similar rally last week.

The sentiment was also aided by gains in Asian markets, which rose to a two-month high, on hopes of more government stimulus to help economies come out of the impact of the global coronavirus pandemic.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.