The blue-chip NSE Nifty 50 index was up 0.65% to 17,661.45 by 0346 GMT, and the benchmark S&P BSE Sensex rose 0.62% to 59,294.41.
New Delhi: Indian shares edged up in early trade on Thursday to hover near record highs, led by metal and banking stocks, as investors overlooked signs of a slightly hawkish tilt by the U.S. Federal Reserve overnight.
The blue-chip NSE Nifty 50 index was up 0.65% to 17,661.45 by 0346 GMT, and the benchmark S&P BSE Sensex rose 0.62% to 59,294.41.
Overnight, the Fed said it would likely begin tapering its monthly bond-buying as early as November, and indicated it could raise interest rates sooner than expected.
In Mumbai, metal stocks advanced 1.5%, with Tata Steel and Hindalco Industries jumping more than 2% each to lead gains on Nifty.
Bank stocks recuperated from Wednesday`s losses to rise 1%, with Punjab National Bank gaining about 2%.
Shares in broader Asian markets advanced, supported by assurance of not making default on debt payment by embattled China Evergrande Group, though default risks still remained for the property giant
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