State owned firms, Bajaj Finance lead India's benchmarks higher

Whirlpool of India

30/01/2025 07:30

** India's benchmark Nifty 50  .NSEI  and Sensex  .BSESN 
indexes up about 0.3% each
    ** Benchmarks on a three-day run, but still down 1.6% in Jan
    ** Recen correction has made large-caps attractive, analysts
say
    ** Public sector enterprises  .NIFTYPSE  rise 2%, with 18 of
20 members higher, on expectations of government focus on public
spending and infrastructure in union budget on Feb. 1, per
analysts
    ** Non-bank lender Bajaj Finance  BJFN.NS  gains 3% after
posting a bigger quarterly profit due to strong loan growth
    ** Tata Motors  TAMO.NS  falls 6% after reporting a smaller
quarter profit, hurt by weak car sales
    ** Whirlpool of India  WHIR.NS  tumbles 20% after parent
Whirlpool Corp  WHR.NS  says to cut stake to 20% from 51%
    ** Small-caps  .NIFSMCP100  and mid-caps  .NIFMDCP100  up
0.6% and 0.3%, respectively

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))