Indian shares climb on earnings while oil caps upside
Indian shares rose on Wednesday as strong corporate earnings boosted sentiment. Higher oil prices and the upcoming Fed rate decision capped the market gains.
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India's Nifty 50 rose 0.67% to 24,157.25 on Wednesday as corporate earnings offset pressure from rising energy costs. Fourteen of 16 major sectors gained, led by a 2.2% jump in the auto index. Investors are balancing domestic profit growth against inflation risks driven by Brent Crude Oil prices near $111.
