June 4, 2020 / 4:03 AM / 2 months ago

Indian shares edge higher on buoyant risk sentiment

BENGALURU, June 4 (Reuters) - Indian shares edged higher on Thursday, holding on to a more than 1,000-point rally in the past six sessions, with investors betting on a gradual economic recovery as lockdowns ease.

The NSE Nifty 50 bluechip index rose 0.44% to 10,108 as of 0350 GMT, while the S&P BSE Sensex was up 0.46% at 34,267.56.

The Nifty 50 has risen 5.6% so far this week, after a similar rally last week.

The sentiment was also aided by gains in Asian markets, which rose to a two-month high, on hopes of more government stimulus to help economies come out of the impact of the global coronavirus pandemic. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Arun Koyyur)

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