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Indian shares edge up as govt offers free Covid-19 vaccines to adults

The blue-chip NSE Nifty 50 index rose 0.09% to 15,765.55 and the benchmark S&P BSE Sensex was up 0.11% at 52,384.61 by 0352 GMT.

Updated on: Jun 08, 2021 09:59 AM IST
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Indian shares edged up on Tuesday, extending gains from a record high close in the previous session, as the government offered free Covid-19 vaccines to all adults, boosting sentiment as parts of the country ease restrictions.

People watch updates outside the BSE Sensex building in Mumbai. (Reuters/ File photo)
People watch updates outside the BSE Sensex building in Mumbai. (Reuters/ File photo)

The blue-chip NSE Nifty 50 index rose 0.09% to 15,765.55 and the benchmark S&P BSE Sensex was up 0.11% at 52,384.61 by 0352 GMT.

Both the indexes closed at a record high on Monday, bolstered by hopes that the economy would pick up as some states eased Covid-19 lockdowns.

India will provide free Covid-19 vaccines to all adults, Prime Minister Narendra Modi said on Monday after markets closed, in an effort to rein in a pandemic that has killed hundreds of thousands.

Technology stocks boosted the Nifty 50 index, with software services firms Infosys Ltd and Tata Consultancy Services Ltd rising 1.1% and 0.8%, respectively.

The Nifty IT index was up 1.1%, hitting a record high and leading gains among other subindexes.

 
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