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Gulf Today Report
Indian shares rose on Monday due to increase in energy stocks, while top gold financing company Muthoot declined due to the death of its chairman.
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.
"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 declined above 2% in the previous two sessions due to rise in bond yields.
In domestic trading, Muthoot Finance Ltd fell as much as 5%, after the company said its chairman M. G. George Muthoot passed away on Friday.
Indian shares closed at a more than one-month high on Tuesday as banking and auto companies gained, while the rupee recovered after breaching 80 against the dollar.
The blue-chip NSE Nifty 50 index rose 1.7% to 14,757.50 and the benchmark S&P BSE Sensex gained 1.6% at 49,792.04, by 05:03 GMT.
The blue-chip NSE Nifty 50 index fell 0.9% to 14,713 and the benchmark S&P BSE Sensex dropped 1% to 49,631, as of 05:11 GMT.
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