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Nifty, Sensex edge up; Tata Motors, Yes Bank gain [Reuters]

TATA MOTORS (TTM)  More Company Research Source: Reuters
US:NYSE Investor Relations: tatamotors.com/investor/volumes
PDF Nifty, Sensex edge up; Tata Motors, Yes Bank gain | Reuters 2 Min Read (Reuters) - Indian shares rose on Wednesday as strong monthly sales data lifted automobile stocks such as Tata Motors Ltd that led gains on key indexes, with sentiment also boosted by a forecast of normal monsoon rainfall this year. Rainfall during the monsoon season is expected to be 100 percent of the long-term average, a private weather forecasting agency said earlier in the day, raising prospects of higher farm and economic growth in the $2 trillion economy. The broader NSE Nifty was up 0.18 percent at 10,263.35 as of 0541 GMT, while the benchmark BSE Sensex was 0.25 percent higher at 33,452.45. “There is a shift in the market towards quality growth and a shift to domestic consumption-focused sectors, particularly autos. Consumer-facing banking and private banking are also driving the move,” said Sunil Sharma, chief investment officer at Sanctum Wealth Management. The Nifty auto index rose as much as 2 percent [Read more]

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