Domestic markets rise on strong earnings; food delivery firm Zomato files for IPO

By 10:37 am, the NSE Nifty 50 index gained 0.71% to 14,757, while the benchmark S&P BSE Sensex rose 0.78% to 49,327.30.

Indian shares hit a near three-week high on Wednesday, helped by gains in financial and automaker stocks on strong quarterly results, while shares of Zomato Ltd's top shareholder rose after the food delivery startup filed for an IPO. By 10:37 am, the NSE Nifty 50 index gained 0.71% to 14,757, while the benchmark S&P BSE Sensex rose 0.78% to 49,327.30. Both the indexes fell nearly 2% last week, as investors fretted over the economic impact of a furious surge in COVID-19 cases and deaths. India added over 1.2 million cases and 8,000 deaths in the week to April 23.