Business Standard

Indian shares rise on energy gains; investors focus on inflation data

Indian shares opened slightly higher on Thursday, driven by energy shares, with investors eyeing domestic retail inflation data for July due later in the day.

Buy, Sell, markets, stocks, shares, investments, mutual funds, investors

Reuters BENGALURU

BENGALURU (Reuters) - Indian shares opened slightly higher on Thursday, driven by energy shares, with investors eyeing domestic retail inflation data for July due later in the day.

By 0356 GMT, the blue-chip NSE Nifty 50 index was up 0.1% at 16,299 and the benchmark S&P BSE Sensex rose 0.21% to 54,641.22

The Nifty energy index gained 0.6%, with Power Grid Corp and Tata Power Ltd adding 2.8% and 1.3%, respectively.

Nifty 50 components Bharat Petroleum Corp Ltd, Hero MotoCorp Ltd, Tata Steel Ltd and Eicher Motors Ltd will report results later in the day.

India's consumer price inflation data for July, due at 1200 GMT on Thursday, likely slowed to a three-month low on falling food prices and an easing of supply chain disruptions, a Reuters poll found.

 

 

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Ramakrishnan M.)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 12 2021 | 11:29 AM IST

Explore News