Financials aid rise in Indian shares ahead of quarterly earnings

📆 11/04/2023 17.25.00
📰 Reuters

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Indian shares advanced on Tuesday, aided by financials stocks on strong quarterly updates, ahead of corporate earnings for the March quarter.

have highest exposure to regional banks in the United States that are gripped under financial turmoil., might need to set aside provisions in the fourth quarter, according to J.P. Morgan.

"The undertone of the market remains positive on expectation of healthy Q4 earnings, ahead of key macro data" said Siddhatha Khemka, head - retail research at Motilal Oswal Financial Services. India's consumer inflation likely eased in March to 5.80%, dipping below the RBI's upper tolerance limit for the first time in 2023, according to a ReutersReporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H K

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