neutral
Sector Moves Diverge as Auto and PSU Banks Rise While IT Stocks Slip
Tata Motors’ commercial vehicles division gained 3.2 percent to ₹330.25, emerging as one of the session’s top sector performers as investors responded to an improving demand outlook supported by freight activity and replacement trends. PSU bank stocks advanced 1.17 percent on expectations that potential RBI rate cuts could enhance net interest margins and strengthen credit growth.
In contrast, Infosys declined 2.33 percent, reflecting weakness in US technology sentiment and cautious commentary from global clients, prompting selective profit-taking across large-cap IT counters during the later part of the trading session overall.
Explore:High Return Equity Mutual Fund
neutral
Sector Moves Diverge as Auto and PSU Banks Rise While IT Stocks Slip
Tata Motors’ commercial vehicles division gained 3.2 percent to ₹330.25, emerging as one of the session’s top sector performers as investors responded to an improving demand outlook supported by freight activity and replacement trends. PSU bank stocks advanced 1.17 percent on expectations that potential RBI rate cuts could enhance net interest margins and strengthen credit growth.
In contrast, Infosys declined 2.33 percent, reflecting weakness in US technology sentiment and cautious commentary from global clients, prompting selective profit-taking across large-cap IT counters during the later part of the trading session overall.
Explore:High Return Equity Mutual Fund
1 min read
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Tata Motors CVs rose on strong demand signals, PSU banks gained on expected rate cuts, while Infosys fell amid weaker US tech sentiment.
Tata Motors’ commercial vehicles division gained 3.2 percent to ₹330.25, emerging as one of the session’s top sector performers as investors responded to an improving demand outlook supported by freight activity and replacement trends. PSU bank stocks advanced 1.17 percent on expectations that potential RBI rate cuts could enhance net interest margins and strengthen credit growth.
In contrast, Infosys declined 2.33 percent, reflecting weakness in US technology sentiment and cautious commentary from global clients, prompting selective profit-taking across large-cap IT counters during the later part of the trading session overall.
Tata Motors’ commercial vehicles division gained 3.2 percent to ₹330.25, emerging as one of the session’s top sector performers as investors responded to an improving demand outlook supported by freight activity and replacement trends. PSU bank stocks advanced 1.17 percent on expectations that potential RBI rate cuts could enhance net interest margins and strengthen credit growth.
In contrast, Infosys declined 2.33 percent, reflecting weakness in US technology sentiment and cautious commentary from global clients, prompting selective profit-taking across large-cap IT counters during the later part of the trading session overall.
Companies:
Tata Motors
Infosys
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stocks
markets
stocks
markets
india
autos
IT