Domestic indices rise on metals, auto boost – Times of India


BENGALURU: Indices opened higher on Thursday after six consecutive sessions of losses, boosted by gains in metals and auto companies, with investors eyeing support from central banks to allay fears of a global recession.
The Nifty 50 index rose 0.9% to 17,005 as of 0351 GMT, while the sensex gained 0.9% to 57,093.19.
Global equities staged a partial comeback on Wednesday, after Britain’s central bank launched an emergency bond buying programme to stabilise the bond market in an attempt to dampen investors’ concerns of a contagion across the financial system.
Foreign institutional investors sold a net $340.5 million worth of equities on Wednesday, as per provisional data available with the National Stock Exchange.
The Nifty metals index rose 2.5%, while the auto index gained 1.4%
Cosmetics-to-fashion retailer Nykaa’s parent FSN E-Commerce Ventures rose 4.3% after the company said it will consider an issue of bonus shares.

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