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BRITANNIA — Britannia Industries News Story

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India Stocks: India equity benchmarks open higher as stronger earnings, MSCI rejig lift sentiment

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Nov 6 (Reuters) - Indian benchmarks opened higher on Thursday, aided by strong earnings from Sun Pharma and Britannia Industries, while the inclusion of four domestic stocks in a flagship MSCI index also aided sentiment.

The Nifty 50 .NSEI rose 0.18% to 25,643.7, while the BSE Sensex .BSESN rose 0.34% to 83,749.93 as of 9:19 a.m. IST.

Indian markets were closed for a local holiday on Wednesday.

Twelve of the 16 major sectors logged gains. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 traded flat.

Drug maker Sun Pharma SUN.NS rose 1.5%, while biscuit maker Britannia Industries BRIT.NS jumped 4% after posting a rise in second-quarter profit.

Paytm PAYT.NS gained 3.4% after analysts termed its second-quarter core performance healthy. The stock was also among the four companies included in the MSCI Global Standard index in its November rejig, a move likely to spur higher inflows into these stocks.

 (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy)

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

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