Sensex, Nifty rise for fourth day on gains in auto stocks
India TodayIndian shares settled higher on Wednesday as automotive stocks gained on news the government could consider tax cuts on some vehicles, while optimism ahead of a key speech by the U.S. Federal Reserve chairman aided global investor sentiment. India's main stock indexes gained for the fourth consecutive day, boosted in recent sessions by better-than-feared corporate earnings and upbeat expectations around coronavirus treatments. Tata Motors Ltd finished 8.5% higher - its best day since early June - after the company pledged to significantly reduce debt over the next three years. Meanwhile, other global share markets rose on optimism about U.S.-China trade and expectations of ample central bank stimulus before a speech by the Federal Reserve Chair Jerome Powell at the Jackson Hole symposium on Thursday.