Indian shares rise as metals, energy stocks gain

Indian shares rose on Monday, helped by gains in metals and energy stocks, with sentiment also aided by global markets pushing ahead on hopes COVID-19 vaccines would limit the economic fallout from the Omicron variant. 

The blue-chip NSE Nifty 50 index was up 0.62% at 17,620.50 by 0356 GMT, while the benchmark S&P BSE Sensex rose 0.54% to 59,103.72. 

The Nifty metal and energy indexes were among the biggest gainers, up 1.36% and 1.4% respectively. 

Among individual stocks, Axis Bank and PowerGrid Corporation of India gained about 2% and 3%, respectively. Tega Industries will make its market debut on Monday. 

Asian stocks pushed ahead with investors seemingly confident markets can weather whatever comes from a host of central bank meetings this week, including the likely early end to U.S. policy stimulus.