Indian shares hit record highs on tech, consumer stocks boos

Indian shares hit record highs on tech, consumer stocks boost


Sethuraman R
3 minute read
Clouds are seen over the Bombay Stock Exchange (BSE) building in Mumbai, India May 25, 2016. REUTERS/Danish Siddiqui/File Photo
BENGALURU, Aug 3 (Reuters) - Indian shares hit record highs on Tuesday, buoyed by technology and consumer stocks, as economic indicators pointed to a demand recovery, although the gains were capped by worries about surging Delta variant cases elsewhere in Asia.
By 0501 GMT, the blue-chip NSE Nifty 50 index (.NSEI) climbed 0.53% to 15,970 and the benchmark S&P BSE Sensex (.BSESN) rose 0.65% to 53,293.11.
The country's factory activity bounced back last month and July trade deficit (INTRDP=ECI) widened to $11.23 billion from $9.4 billion a month ago, with economists pointing out normalisation of activity after curbs were eased. read more

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