Indian shares open higher led by auto stocks

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo

BENGALURU, Aug 7 (Reuters) – Indian shares opened higher on Monday, led by auto stocks on hopes of sales growth, ahead of U.S. and China inflation data as well as the Reserve Bank of India’s monetary policy decision due later this week.

The Nifty 50 (.NSEI) index was up 0.23% at 19,561.85, while the S&P BSE Sensex (.BSESN) rose 0.25% to 65,887.50 at 9:18 a.m. IST.

Reporting by Bharath Rajeswaran and Manvi Pant in Bengaluru; editing by Eileen Soreng and Sohini Goswami

Our Standards: The Thomson Reuters Trust Principles.

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source: reuters.com


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