Key equity indices traded over one per cent higher during early hours on Monday tracking strong global cues amid upbeat news on corporate earnings, economic data and updates on vaccination drive.
Indian shares slid on Wednesday to end at a near one-month low, dragged by losses in bank stocks and Reliance Industries, while pre-budget jitters also weighed on sentiment.
Indian shares edged up on Monday, as gains in banking stocks outweighed a slide in Reliance Industries, triggered by a sharp drop in third-quarter revenue at the conglomerate's oil-to-chemicals business.
Indian shares rose more than 1 per cent on Tuesday as heavyweights Reliance and Housing Development Finance Corp provided a boost, with investors eyeing upbeat global cues ahead of a new presidency under U.S. President-elect Joe Biden.
Indian shares notched record closing highs on Monday for a second straight session of the new year, as investor sentiment lifted after the country gave emergency use approvals to two coronavirus vaccines over the weekend.
India is expected to start a massive immunisation program within about a week.
Equity benchmark indices closed nearly 1 per cent higher on Wednesday even as investors globally were focussed on concerns about a new faster-spreading variant of the coronavirus.
Indian shares slipped from record highs on Friday, dragged down by banking stocks, as investors locked in gains after indexes scaled fresh peaks in 18 of the past 27 sessions.
National Stock Exchange (NSE) of India has got approval from the Securities Exchange Board of India (SEBI) to launch derivatives on Nifty financial services index in the futures and options segment.