India In-Focus — Shares close high; RBI reschedules policy meet; Citi expects 10% growth in corporate business

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Thu, 2022-07-21 16:21
RIYADH: Indian shares closed near a seven-week high on Thursday, led by gains in metals and auto stocks, while strong results from IndusInd Bank lifted private lenders.

The NSE Nifty 50 index and the S&P BSE Sensex rose 0.51 percent each to close at 16,605.25 and 55,681.95, respectively. Both the indexes closed at their highest since early June.

The Nifty 50 index has risen about 5 percent so far this month. The Bank Nifty index and the Nifty Auto index are up 8 percent and 7.4 percent, respectively.Main category: Business & Economy