2 Minutes by Reuters Staff Read On February 26, 2016, a broker reacts while trading at his computer station at a stock brokerage firm in Mumbai, India. REUTERS/File Photo/Shailesh Andrade (Reuters) – BENGALURU (Reuters) – On Tuesday, Indian markets edged higher as airline stocks climbed, as investors balanced the pace of vaccinations against the prospect of a third wave of COVID-19. The blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex were up 0.19 percent and 0.11 percent, respectively, at 15,865.10 and 52,938.49 at 0424 GMT. Airline stocks soared after the country’s aviation ministry said that capacity on domestic flights can be increased to 65 percent from 50 percent until the end of July. InterGlobe Aviation, the parent company of IndiGo, was up 1.8 percent, while SpiceJet was up 2.8 percent. Following an increase in oil prices, the state-owned Oil & Natural Gas Corporation gained 2.4 percent when OPEC+ members called off talks on output levels on Monday. Reliance Industries, owned by billionaire Mukesh Ambani, dipped 0.6 percent, ending a two-day winning streak. NMDC Ltd fell 1.5 percent as the government plans to sell a 4 percent interest in the iron ore miner for 165 rupees per share, a 5.8% discount to its Monday closing price. The broader NSE index closed less than 100 points away from its all-time high in the previous trading session, as markets lingered near record levels. Last week’s weekly decline of 0.87 percent came after the index reached a new high last month. Shivani Singh contributed reporting from Bengaluru, and Uttaresh.V. edited the piece./n
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