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Indian benchmarks inch higher as strong earnings, MSCI index changes support sentiment

Indian stocks gained modestly as strong earnings and MSCI re-balancing buoyed sentiment, while small- and mid-caps lagged.
India’s equity benchmarks edged up today with the Nifty 50 rising ~0.13 % to 25,633 and the BSE Sensex gaining ~0.27 % to 83,680. Major boosts came from solid quarterly results by Mahindra & Mahindra (up 1.6 %) and Britannia Industries (up 3.4 %), and the inclusion of four Indian firms into the MSCI Global Standard Index. However, small and mid-cap segments slipped slightly. Analysts say the market has upside if earnings momentum continues and foreign flows pick up, though stock-specific risks remain elevated.