BENGALURU :Indian stocks opened higher on Tuesday on strong third-quarter corporate earnings ahead of the federal budget due next week, while a technology stocks-led rally on Wall Street helped broader sentiment.
Most major sectoral indexes jumped, with high weightage financials and information technology rising 0.4 per cent and 0.85 per cent respectively, after banks managed to contain bad loans and improve recoveries, while IT companies said they bagged more deals despite a softness in Europe. Heavyweight private lender Axis Bank Ltd fell over 1 per cent despite posting a stronger-than-expected jump in third-quarter profit on Monday. The stock had logged gains in each of the last five sessions ahead of its results, adding 2.14 per cent.
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Indian shares open higher; financials gain on strong earningsBENGALURU :Indian stocks opened higher on Monday as financial stocks ticked up after some banks reported strong quarterly numbers over the weekend, while a Wall Street rally in the previous session helped broader sentiment. The Nifty 50 index was up 0.34 per cent at 18,902.95 as of 9:28 a.m. IST, while the S&
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Indian shares set to open higher; key earnings to provide directionBENGALURU : Indian stocks were poised to open higher on Monday, tracking a Wall Street rally in the previous session, with shares also taking cues from the earnings of heavyweights such as Reliance. India's NSE stock futures listed on the Singapore exchange were up 0.53 per cent at 18,140.50, as of 7:32 a
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Financials lift Indian shares after strong bank earningsBENGALURU :Indian stocks rose on Monday, after declines in the previous two sessions, helped by gains in financial stocks as banks reported strong quarterly results over the weekend.The Nifty 50 index was up 0.69 per cent at 18,153.30 as of 10:26 a.m. IST, while the S&P BSE Sensex rose 0.76 per cent to 61,084
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