Indian shares rise as strong earnings boost sentiment; Reliance leads rally
Indian stock markets climbed as major companies reported solid quarterly earnings. The Nifty 50 rose around 0.45% to 25,828.75 and the BSE Sensex gained about 0.51% to 84,376.21. The rally was led by HDFC Bank, which hit a record high after reporting better-than-expected profits, and Reliance Industries, which surged 3.4% to a three-month high. Conversely, ICICI Bank fell about 2% even after a profit beat due to slower loan growth expectations. Out of 16 major sectors, 14 closed in the green.
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22h ago
Indian shares rise as strong earnings boost sentiment; Reliance leads rally
Indian stock markets climbed as major companies reported solid quarterly earnings. The Nifty 50 rose around 0.45% to 25,828.75 and the BSE Sensex gained about 0.51% to 84,376.21. The rally was led by HDFC Bank, which hit a record high after reporting better-than-expected profits, and Reliance Industries, which surged 3.4% to a three-month high. Conversely, ICICI Bank fell about 2% even after a profit beat due to slower loan growth expectations. Out of 16 major sectors, 14 closed in the green.
positive
Indian shares rise as strong earnings boost sentiment; Reliance leads rally
about 22 hours ago
1 min read
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Indian equities climb on strong bank earnings; HDFC Bank and Reliance Industries lead gains.
Indian stock markets climbed as major companies reported solid quarterly earnings. The Nifty 50 rose around 0.45% to 25,828.75 and the BSE Sensex gained about 0.51% to 84,376.21. The rally was led by HDFC Bank, which hit a record high after reporting better-than-expected profits, and Reliance Industries, which surged 3.4% to a three-month high. Conversely, ICICI Bank fell about 2% even after a profit beat due to slower loan growth expectations. Out of 16 major sectors, 14 closed in the green.
Indian stock markets climbed as major companies reported solid quarterly earnings. The Nifty 50 rose around 0.45% to 25,828.75 and the BSE Sensex gained about 0.51% to 84,376.21. The rally was led by HDFC Bank, which hit a record high after reporting better-than-expected profits, and Reliance Industries, which surged 3.4% to a three-month high. Conversely, ICICI Bank fell about 2% even after a profit beat due to slower loan growth expectations. Out of 16 major sectors, 14 closed in the green.