Indian stocks rose as investors shrugged off the rising number of virus cases to focus on positive global cues, the absence of nationwide curbs on business operations and the central bank’s liquidity support.
The S&P BSE Sensex advanced for a fourth day, rising 0.6% to 49,502.41, while the NSE Nifty 50 Index gained 0.8% to 14,942.35. Larsen & Toubro Ltd. contributed the most to the index gain, increasing 3.9%. Coal India Ltd. had the largest increase, rising 7.5%.
Eighteen of the 19 sector sub-indices compiled by BSE Ltd. climbed, led by a gauge of metal companies that’s surged to its highest level since 2008. The S&P BSE Information Technology was the only loser, down 0.17%.