Opening bell: Private banks lift Indian equities; Axis Bank in focus
Indian benchmarks opened higher as private banks led gains, with Axis Bank advancing after quarterly results highlighted improving asset quality despite profit pressure. Nifty 50 climbed above 25,400 and the Sensex added over 300 points in early trade. The up-move coincided with steady global cues, softer U.S. yields, and continued domestic SIP flows. Traders are watching bank earnings, consumption prints, and FIIs’ stance after recent moderation in outflows. Broader indices gained, with small-caps outperforming on rotational buying.
positive
1 day ago
Opening bell: Private banks lift Indian equities; Axis Bank in focus
Indian benchmarks opened higher as private banks led gains, with Axis Bank advancing after quarterly results highlighted improving asset quality despite profit pressure. Nifty 50 climbed above 25,400 and the Sensex added over 300 points in early trade. The up-move coincided with steady global cues, softer U.S. yields, and continued domestic SIP flows. Traders are watching bank earnings, consumption prints, and FIIs’ stance after recent moderation in outflows. Broader indices gained, with small-caps outperforming on rotational buying.
positive
Opening bell: Private banks lift Indian equities; Axis Bank in focus
1 day ago
1 min read
77 words
Banks drove early gains on Dalal Street; Axis Bank guided sentiment as Nifty reclaimed 25,400 and breadth improved.
Indian benchmarks opened higher as private banks led gains, with Axis Bank advancing after quarterly results highlighted improving asset quality despite profit pressure. Nifty 50 climbed above 25,400 and the Sensex added over 300 points in early trade. The up-move coincided with steady global cues, softer U.S. yields, and continued domestic SIP flows. Traders are watching bank earnings, consumption prints, and FIIs’ stance after recent moderation in outflows. Broader indices gained, with small-caps outperforming on rotational buying.
Indian benchmarks opened higher as private banks led gains, with Axis Bank advancing after quarterly results highlighted improving asset quality despite profit pressure. Nifty 50 climbed above 25,400 and the Sensex added over 300 points in early trade. The up-move coincided with steady global cues, softer U.S. yields, and continued domestic SIP flows. Traders are watching bank earnings, consumption prints, and FIIs’ stance after recent moderation in outflows. Broader indices gained, with small-caps outperforming on rotational buying.