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ASIANPAINT Asian Paints News Story

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India stock benchmarks rise on US government reopening, earnings optimism

** Nifty 50 .NSEI, Sensex .BSESN rise 0.3% each after muted start, supported by metals on U.S. government reopening cheer, improving earnings

** Caution ahead of election results in northern state of Bihar on Friday caps gains

** Supportive domestic macro fundamentals, such as record low inflation, improving corporate earnings, underpin positive market momentum, says Vinod Nair, head of research at Geojit Investments

** Of 16 major sectors, 12 advance; metal stocks .NIFTYMET gains 1.3%

** Tata Steel TISC.NS gains 2% on quarterly profit surges four-fold

** Asian Paints ASPN.NS jumps 4% after gaining 4% on Wednesday on 43% y/y jump in profit

** Ashok Leyland ASOK.NS climbs 4.2% on better-than-expected Q2 profit

** Small-caps .NIFSMCP100, mid-caps .NIFMDCP100 rise 0.2% each

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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