BENGALURU: Indian shares hit a six-month intraday high on Tuesday, taking cues from other Asian markets that rose on progress in U.S.-China trade talks and following another record close on Wall Street.
The NSE Nifty 50 index climbed 0.43% to 11,516.05 by 0355 GMT, while the benchmark S&P BSE Sensex gained 0.44% to 38,968.09. The Nifty 50 hit its highest intraday level since Feb. 27.
Financial stocks led gains on the Nifty 50, with the Nifty banking index rising 1.03%. ICICI Bank Ltd, HDFC Bank Ltd and HDFC Ltd were the top three boosts to the index, up between 0.4% and 1%.
Asia’s stock markets were mostly higher on reports that top U.S. and Chinese officials see progress being made in resolving concerns around the Phase 1 trade deal reached between the two countries in January.
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