BENGALURU: Gains in metal and auto stocks helped Indian shares rise more than 1% on Thursday, while capital infusion by the government in some state-run lenders lifted public-sector banks.
The blue-chip NSE Nifty 50 index closed 1.2% higher at 14,867.35, while the benchmark S&P BSE Sensex gained 1.1% to 50,029.83.
Indian markets will be closed for a holiday on Friday. They booked a weekly gain of 2%, after declining 1.6% last week.
Leading the charge on Thursday, the Nifty metals index and the Nifty auto index advanced 5.33% and 1.6%, respectively.
Ashok Leyland, Tata Motors and Mahindra and Mahindra gained between 1.5% and 3.8% after posting strong March sales numbers.
Shares of Indian Overseas Bank jumped 6%, Central Bank rose 5%, while Bank of India and UCO Bank gained 3% and 4.1%, respectively.
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