Indian shares edged higher on Tuesday, aided by an uptick in metal stocks, after China announced it will further ease its strict COVID-19 restrictions, bolstering expectations of demand recovery in the world's second-largest economy.
it will stop requiring inbound travellers to go into quarantine starting from Jan. 8, moving further away from a strict "zero-COVID" policy that had disrupted its economic activity.
China's COVID-19 management will also be downgraded to the less strict Category B from the stringent Category A, the country's health authority said on Monday.rising 0.53%. Domestic infrastructure spending, improved balance sheets of metal companies and hopes of demand revival in China have powered metal stocks, said Anita Gandhi, director at Arihant Capital Markets.
Meanwhile, the banking index swung between 0.68% gains and 0.55% losses during the session. Analysts said that the volatility in the sector was a "bout of profit-taking after the recent sharp rally."Thirty-six of the Nifty 50 constituents logged gains, with JSW Steel
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