Indian shares rise on auto strength; Middle East caution limits gains

Key Facts

1Indian shares rose led by auto stocks, but gains were capped by caution over Middle East tensions.

Amid mixed risk appetite in emerging markets, Indian shares rose in early trade, according to reports, led by auto stocks, but gains were capped by investor caution over escalating tensions in the Middle East.

The auto sector's strong performance was supported by positive sales data, per market data. Meanwhile, U.S. GDP growth for the first quarter came in at 2.1%, per market data, boosting global optimism, but geopolitical worries limited the positive spillover to emerging markets.

Investors are watching developments in the Middle East along with upcoming Indian economic data, such as inflation and industrial production, to gauge the market's near-term direction.