Indian shares edge up on positive global markets after Yellen boost

  • Reuters
  • Stock Market News
Indian shares edge up on positive global markets after Yellen boost
Credit: © Reuters.

BENGALURU, Jan 20 (Reuters) - Indian shares inched higher on Wednesday in the run-up to a slew of corporate earnings and on positive global cues after U.S. Treasury Secretary nominee Janet Yellen advocated for a huge fiscal relief package in the United States.

The blue-chip NSE Nifty 50 index .NSEI rose 0.4% to 14,540 and the benchmark S&P BSE Sensex .BSESN was up 0.2% at 49,507.12 by 0350 GMT. The Nifty and Sensex rose 1.7% on Tuesday.

Shares of Nifty 50 components Bajaj Finance BJFN.NS and Bajaj Finserv BJFS.NS were mostly flat ahead of their Dec. quarter earnings later in the day.

Asian shares climbed to a record high on Wednesday over Yellen's backing for more stimulus to help the world's largest economy ride out a pandemic-driven slump. MKTS/GLOB

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  • Jacob Varghese @Jacob Varghese
    What relevance do indian stock market have onYallen yelling stimulus. India should ban FII investing that is really causing too much inflation and exuberance
    Like 3

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