Sensex edges higher; NSE auto index hits record [Reuters]
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Source: Reuters
Sensex edges higher; NSE auto index hits record | Reuters 2 Min Read (Reuters) - Indian shares edged higher on Tuesday as the ruling party’s wins in key state elections continued to boost sentiment, with auto stocks leading the gains, while strength across Asian markets also lent support. Blue chips benefited after Prime Minister Narendra Modi’s Bharatiya Janata Party sealed victories in his home state of Gujarat and Himachal Pradesh, raising hopes of continued reforms. “Markets are now stabilized after a volatile session early on Monday as BJP emerged victorious in Gujarat. Optimism of passage of tax legislation by the U.S. also boosts the sentiment,” said Anand James, chief market strategist, Geojit Financial Services. MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.3 percent on Tuesday, after a record-setting session on Wall Street on bets that U.S. lawmakers would pass sweeping tax legislation. The broader NSE index was up 0.36 percent at10,425.65 as of 0532 GM
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