Indian shares edge higher powered by energy, financials [Reuters]
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Source: Reuters
Indian shares edge higher powered by energy, financials | Reuters 3 Min Read (Reuters) - Indian shares rose on Wednesday, with energy and financial stocks accounting for nearly half the gains in the index amid expectations that Reliance Industries Ltd will report a good set of numbers for the quarter ended December. The broader NSE Nifty advanced 0.12 percent to 10,899.60 as of 0501 GMT, while the benchmark BSE Sensex gained 0.14 percent to 36,367.37. “Expectations from Reliance is good, Jio’s foothold in the industry is perceived as a positive by the market,” said Saurabh Jain, assistant vice-president (Research) at SMC Global Securities. “Besides, early numbers have suggested that Indian ITs are doing well, the momentum in digital space seen in 2018 will continue this year, so there is overall positivity.” Reliance Industries shares rose as much as 1.36 percent, their highest in four weeks and on track for a second straight session of gains. The Indian conglomerate is due to report
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