Financials offset gains in Indian shares after Axis Bank's earnings miss

worth 120 billion rupees. The IT firm posted a marginal slide in net profit.

Analysts expect the benchmarks to see more upside after the Nifty 50 surpassed the 17,850 level on Thursday. "Buy dips in May, do not shy away," wrote five equity analysts at ICICI Direct Research in a note on Friday. "The index has recovered from March low, absorbing global and domestic headwinds and could inch towards 18,300-18,500 in May."

"If Nifty manages to stay above 17,850 levels, more upsides could be in store for the benchmark," said Deepak Jasani, head of retail research at HDFC Securities.has risen over 3% in April so far, on course for most monthly gains since November 2022.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Indian shares extend gains, close higher on earnings boostIndian shares rose on Thursday, as strong earnings from major firms overshadowed weak global cues on the April series derivatives expiry day.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Indian Media Industry Heavyweights Mull Abandoning Formulas, Future of ContentA galaxy of senior Indian content creators shared their insights on burning topics dominating the local landscape. They were speaking at at Indiantelevision.com’s annual industry event, The Co…
La source: Variety - 🏆 108. / 63 Lire la suite »