BENGALURU Indian shares inched higher on Thursday, helped by state-run banks and metals stocks, although gains were checked by worries over rising coronavirus cases.
The NSE Nifty 50 index rose 0.3% to 11,343.20 by 0346 GMT, while the S&P BSE Sensex was 0.21% higher at 38,448.56.
The Nifty PSU Bank Index, which tracks state-owned lenders, advanced more than 1%, led by a 1.6% jump in State Bank of India.
The Nifty Metal index, which scaled a more than five-month peak earlier this week, rose nearly 2%.
Shares of Tata Power Company Ltd jumped nearly 4% after the company posted higher quarterly profit on Wednesday.
India’s small-cap and mid-cap shares rose 0.4% and 0.57%, respectively.
Meanwhile, India’s tally of coronavirus cases reached 2.33 million on Wednesday, with the death toll at 46,091. The country has the world’s third highest caseload after the United States and Brazil.
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