Indian shares hit record highs on Friday, boosted by financials and energy stocks, as more states lifted pandemic restrictions and U.S. inflation data allayed investors’ worries.
The blue-chip NSE Nifty 50 index (.NSEI) rose 0.46% to 15,811.60 and the benchmark S&P BSE Sensex (.BSESN) added 0.45% to 52,539.38 by 0349 GMT. Both the indexes are set to post their fourth straight weekly gain.
The southern state of Karnataka announced on Thursday it would ease some COVID-19 restrictions in a phased manner.
Meanwhile, U.S. consumer price index data released on Thursday fitted in with Federal Reserve’s repeated assertion that higher inflation will be transitory, offering relief to global stock markets.
Investors now look to India’s industrial output data for April, which will be released later in the day.
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