Auto, realty stocks help Indian shares ahead of Q4 earnings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Indian shares settled marginally higher on Monday, helped by strong quarterly business updates from auto and realty companies, but rising odds of a U.S. Federal Reserve rate hike in May capped gains.

rose over 2% after Motilal Oswal initiated coverage on the healthcare services firm with a "buy" recommendation, citing favourable demand, rising healthcare needs and higher health insurance penetration.

"The market has been on an upward bias," said Prashanth Tapse, senior vice president at Mehta Equities, adding that healthy foreign institutional investors' buying over the last few sessions and economic data have fuelled optimism.47.39 billion rupees worth of equities over the period.indicated that the labour market remained tight in March, in-line with expectations, increasing the odds of a Fed rate hike in May. .

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Auto, realty stocks power Indian shares ahead of March quarter earningsIndian shares advanced on Monday, aided by auto and realty stocks following strong quarterly business updates, but rising odds of a U.S. Federal Reserve rate hike in May capped gains.
Källa: Reuters - 🏆 2. / 97 Läs mer »