Markets end at one-week high as IT, metal stocks climb

The NSE Nifty 50 index closed 0.73% higher at 14,724.8 and the S&P BSE Sensex rose 0.56% to 48,949.76, their highest close since April 29, after struggling to make headway earlier in the session.

Indian shares climbed on Thursday to a one-week closing high, as gains in IT and metal companies after strong earnings reports eclipsed worries over record spikes in daily coronavirus cases. The NSE Nifty 50 index closed 0.73% higher at 14,724.8 and the S&P BSE Sensex rose 0.56% to 48,949.76, their highest close since April 29, after struggling to make headway earlier in the session. India reported more than 400,000 coronavirus infections over the last 24 hours, taking the total tally past 21 million, while deaths rose by a record 3,980, health ministry data showed.