BENGALURU, March 8 (Reuters) - Indian shares climbed on
Monday after two consecutive sessions of falls, boosted by
energy stocks, while top gold financing company Muthoot Finance
dropped after the death of its chairman.
By 0525 GMT, the blue chip NSE Nifty 50 index was up
0.45% at 15,005.20, while the benchmark S&P BSE Sensex
was up 0.44% at 50,625.21. Both indexes had gained as much as
1.2% earlier in the session.
"We had corrected quite a bit last week, so today is a bit
of a bounce-back from that," said Samrat Dasgupta, chief
executive of Esquire Capital Investment Advisors in Mumbai.
Both Nifty and Sensex shed more than 2% in their last two
sessions of falls as rising bond yields globally spooked
"Any dip will be an opportunity to buy," Dasgupta said,
adding that he did not see much correction going forward as
liquidity should remain abundant for the next few months.
Market sentiment was also upbeat as investors globally
cheered the U.S. Senate's passage of a $1.9 trillion stimulus
However, world shares were mixed as initial optimism over
the stimulus bill gave way to inflation fears.
In domestic trading, Muthoot Finance Ltd fell as
much as 5%, after the company said https://bit.ly/3v3Lqva its
chairman M. G. George Muthoot passed away on Friday. Local
papers said the chairman fell to his death from the fourth floor
of his house.
Search engine company Just Dial Ltd rose as much
as 9.3% after it signed https://bit.ly/3kV8mIh a deal to become
an advertising sponsor for the upcoming season of the Indian
Premier League cricket tournament.
The Economic Times newspaper also reported https://bit.ly/3bpKj0X
that the digital arm of the Tata Group conglomerate held talks
with Just Dial for a strategic alliance or a stake.
The Nifty energy index was up 1.65%, amid a
surge in Brent crude futures to their highest in more than a
(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by