Adani stocks lift Indian shares amid caution on US debt ceiling talks

BENGALURU: Indian shares advanced on Tuesday, aided by a broad-based rally across sectors and powered by Adani group stocks, while a slide in the high-weightage IT stocks capped gains amid uncertainty over the US debt ceiling talks.

The blue-chip Nifty 50 index closed 0.18% higher at 18,348. IST, while the benchmark S&P BSE Sensex rose 0.03% to 61,981.79.

Ten of the 13 major sectoral indexes advanced, with metals jumping 2.59%. Adani Enterprises Ltd, which has a 17% weightage in the metals index, jumped over 13% and was the top Nifty 50 gainer. All the Adani group stocks surged between 0.3% and 14% and extended gains for the third session after markets regulator Securities and Exchange Board of India drew a blank in a probe into suspected violations in the group’s overseas investments.day.