Indian shares rose for a fourth straight session early on Wednesday, with gains seen across the board, as Asian peers inched higher after Federal Reserve Chair Jerome Powell sounded less hawkish than expected in a testimony to Congress. At 9.30 a m, the NSE Nifty 50 index rose 0.54% to 18,150.90, while the S&P BSE Sensex added 0.5% to 60,931.40. Asian shares rose on Wednesday and the Nasdaq and S&P 500 recorded overnight their best sessions of 2022, after Powell said that the economy could handle the Covid-19 surge and tighter monetary policy. Nifty's metal index, which dropped 1.9% in the previous session, was up 1.5%. Top technology firms Wipro and Infosys were up roughly 0.5% each and Tata Consultancy Serviceswas flat.

Source: The Hindu January 12, 2022 08:51 UTC