Auto, financials lead gains in Indian shares

BENGALURU, April 30 (Reuters): Indian shares edged up on Tuesday, helped by gains in auto and heavyweight financial stocks, while strong corporate earnings also aided sentiment.

The NSE Nifty 50 and the S&P BSE Sensex were up about 0.4 per cent each at 22,733.35 and 74,948.12, as of 10:30 a.m. IST.

Nifty auto rose 2.03 per cent to lead sectoral gains in the blue-chips, while heavyweight financials advanced 0.6 per cent. Mahindra and Mahindra rose 4 per cent to a record high after launching its compact sports utility vehicle, which analysts said was at a competitive price.