India In-Focus — Shares up; Mercedes aims to lead EV market; NDTV jumps after Adani moves to take stake

RIYADH: Indian shares rose on Thursday, led by gains in financial stocks ahead of the expiry of monthly derivative contracts, while investors waited for clues on future rate hikes in the US from a key Federal Reserve event.

The NSE Nifty 50 index was 0.5 percent higher at 17,693.9, as of 0507 GMT, while the S&P BSE Sensex gained 0.5 percent at 59,390.6.

Nifty PSU Bank index was up 2.2 percent, with top lender State Bank of India climbing 1.1 percent.

SBI Life Insurance was the top gainer on Nifty 50, up 2.2 percent.