Financials, IT lead rise in Indian shares

Financials, IT lead rise in Indian shares

Indian shares closed higher on Tuesday, led by financials and information technology stocks, as rising expectations of an aggressive rate cut by the U.S. Federal Reserve in September boosted sentiment and spurred a global equities rally. The NSE Nifty 50 index rose 0.51% to 24,698.85, and the S&P BSE Sensex settled 0.47% higher at 80,802.86. Other Asian markets also logged gains, with the MSCI ex-Japan gaining 0.3%, while most European markets opened higher.

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