Indian shares rise as metals gain, Omicron fears ease

The shares saw a rise as investors looked past concerns surrounding the Omicron coronavirus variant.

Indian shares rose more than 1% on Tuesday as investors looked past concerns surrounding the Omicron coronavirus variant, with metal and banking stocks leading the recovery from last session's sell-off.

By 0505 GMT, the blue-chip NSE Nifty 50 index (.NSEI) and the benchmark S&P BSE Sensex (.BSESN) both had risen 1.16% to 17,108 and 57,405.77, respectively. Both indexes fell more than 1.5% on Monday to their lowest close since Aug. 27.