Indian shares start climbing after good earnings

Today one can see Indian shares rise diffidently as a string of upbeat corporate earnings supported risk sentiment with Tata Steel leading broad-based gains. All 14 sectoral indexes were higher and oil-to-telecoms conglomerate Reliance Industries provided the biggest boost to the Nifty 50 with a gain of 0.8 per cent. Tata Steel was the top gainer on the Nifty 50, rising 2.4 per cent after it swung to a profit in the December quarter.

Financial results for four other Nifty 50 firms  like watch and jewellery maker Titan, gas utility GAIL, aluminium group Hindalco and motorcycle and truck producer Eicher are expected later in the day.

Other Asian stocks rose slightly higher on upbeat Wall Street earnings and optimism about a global recovery.