Infosys-led rally nudges Indian benchmarks higher after earnings beat

Indian equity benchmarks edged higher after Infosys reported stronger than expected earnings, lifting IT sector sentiment. Optimism around deal wins, stable margins, and improved client spending visibility supported gains. State-owned bank stocks advanced on selective buying. Investors stayed cautious ahead of global cues, but earnings-driven momentum offset valuation concerns, foreign fund flow worries, and near-term macroeconomic uncertainty.

Angel One shares climbed about 9% as strong sequential performance in Q3 results brought renewed investor interest, with revenue growing year on year and net profit rising quarter-on-quarter. Broking activity and client funding trends supported sentiment. Groww’s stock also gained up to 9% after reporting steady revenue growth and adjusted operating profits, reflecting positive market positioning despite broader earnings comparisons in the fintech segment.