Indian shares gain on pharma, tech stocks boost

Suven Life Sciences

17/08/2021 05:19

BENGALURU, Aug 17 (Reuters) - Indian shares rose on Tuesday,
after closing at record highs in the previous session, as gains
in pharma and technology stocks helped investors look past
losses in banks and rising global cases of the Delta coronavirus
variant.
    By 0406 GMT, the blue-chip NSE Nifty 50 index  .NSEI  was up
0.09% at 16,577.80 and the benchmark S&P BSE Sensex  .BSESN 
climbed 0.09% to 55,635.47.
    The Nifty pharma index  .NIPHARM  gained 0.86%. Suven Life
Sciences  SUVP.NS  rose 7.1% after announcing a late-stage trial
for its treatment of aggression in Alzheimer's type dementias.
    The Nifty IT index  .NIFTYIT  jumped 1.06%. 
    Shares of auto parts maker Fiem Industries  FIIN.NS  surged
16.7% after it said it added Ola Electric as a customer.
    Among global markets, Asian shares declined over Delta
variant concerns and the turmoil in Afghanistan, while Wall
Street rebounded overnight, with the benchmark S&P 500 and the
Dow industrials hitting record highs.  MKTS/GLOB 


 (Reporting by Vishwadha Chander in Bengaluru; editing by
Uttaresh.V)
 ((Vishwadha.Chander@thomsonreuters.com; Mobile: +91 7506036802;
Twitter: https://twitter.com/vishwadha;))