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Auto, realty stocks help Indian shares ahead of Q4 earnings

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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. .

 

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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.
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