Indian blue-chips rise supported by financials, metals

Bajaj Finserv

24/04/2024 07:54

** India's benchmark indexes Nifty 50  .NSEI  and Sensex
 .BSESN  rise about 0.4% each, supported by financials and metal
stocks amid greater focus on company earnings
    ** Market will focus more on corporate earnings and hence
more stock-specific movement is expected, said Piyush Pandey,
research analyst at Centrum
    ** Financials  .NIFTYFIN  - the most-weighted sub-index -
rose 0.6% with HDFC Bank  HDBK.NS  up 0.7%, while Axis Bank
 AXBK.NS  climbed 0.8% ahead of results
    ** Metals  .NIFTYMET  up 2.1%, hitting a record high as
global metal prices rebound  MET/L 
    ** Hindalco  HALC.NS , JSW Steel  JSTL.NS , Mahindra and
Mahindra  MAHM.NS , Ultratech Cement  ULTC.NS , Bajaj Finserv
 BJFS.NS  rise 1.2%-3% - among top Nifty 50 gainers
    ** However, gains were limited by a 5% fall in Tata Consumer
Products  TACN.NS  after the company posted lower-than-expected
quarterly revenue
    ** 10 of 13 major sectors climbed

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))