|Published : 21 Sep 2016, 14:56:25|
Indian shares rise as BOJ overhauls policy
Indian shares rose on Wednesday, heading for a fifth session of gains in six, as global sentiment was lifted after the Bank of Japan (BOJ) overhauled its policy framework and recommitted itself to more policy easing in the coming weeks.
The broader NSE index was up 0.58 per cent at 8,826.55 as of 0611 GMT, boosted by financials which contributed about 12 index points.
The benchmark BSE index was 0.54 per cent higher at 28,677.30, after falling as much as 0.54 per cent on Tuesday.
The Nifty Bank index was up 0.34 per cent after falling as much as 0.55 per cent in the previous session.
The Nifty Auto index gained 0.84 per cent after ending 0.7 per cent lower on Tuesday.
Shares of Essel Propack rose as much as 10.42 per cent to a record high after the company said unit Lamitube Technologies will raise its stake to 100 per cent in Essel Deutschland Germany, according to Reuters.