Indian shares rose on Monday along with global markets as upbeat US data, a more dovish tone by the Federal Reserve, and the start of Sino-US trade talks soothed investor nerves about a slowing global economy. The benchmark BSE index closed the session 0.43 percent higher at 35,850.16, while the broader NSE index ended up 0.41 percent at 10,771.80. Bharti Infratel Ltd was the biggest gainer on the NSE index with a rise of 3.1 percent.
"We have positive outcome from the US and China, our market is showing relatively better signs of stability due to this," said Deven Choksey, founder, KR Choksey Investment Managers. "Markets are not expecting too much from the earnings season, we remain relatively more cautious on that front at this point of time."
Another corporate results season is set to kick off this week with top software services exporters Tata Consultancy Services Ltd and Infosys Ltd scheduled to report their results for the December quarter on January 10 and January 11, respectively. Titan Company Ltd and Tata Motors Ltd were among the biggest gainers on the NSE index. HDFC Bank's shares were up as much as 0.85 percent.
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