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Sector
Basic Materials
Size
Large Cap
Market Cap £13.46bn
Enterprise Value £15.35bn
Revenue £9.74bn
Position in Universe 41st / 3159

Indian shares gain on metals boost, U.S. vaccine approval

Tue 24th August, 2021 5:11am
BENGALURU, Aug 24 (Reuters) - India's benchmark stock
indexes rose on Tuesday, driven by metals and technology stocks,
with investor sentiment buoyed by a full U.S. approval for a
COVID-19 vaccine.
    By 0349 GMT, the blue-chip NSE Nifty 50 index  .NSEI  was up
0.22% at 16,532, while the benchmark S&P BSE Sensex  .BSESN  was
up 0.16% at 55,644.94. 
    Metal stocks rebounded after four sessions of losses, with
the Nifty Metal index  .NIFTYMET  up 1.61%, led by Steel
Authority of India  SAIL.NS  and Vedanta  VDAN.NS . 
    Among broader markets, Asian stocks rose on an extended
bounce on Wall Street after the U.S. Food and Drug
Administration granted full approval to the COVID-19 vaccine
developed by Pfizer and BioNTech.  urn:newsml:reuters.com:*:nL4N2PU36O  MKTS/GLOB 
    Home loan company Aptus Value Housing Finance and
chemicals-maker Chemplast Sanmar will make their market debuts
on Tuesday. 
    Meanwhile, the Indian government said on Monday it plans to
monetise $81 billion worth of state assets over the next four 
years in a program expected to boost infrastructure spending and
spur economic growth. 
    

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