India's benchmark indices opened higher on Monday, supported by stronger-than-expected quarterly results from HDFC Bank and ICICI Bank, which helped offset muted earnings from Infosys and weak global cues.
The BSE Sensex rose 525 points (0.67%) to 79,078, while the broader Nifty 50 gained 151 points (0.63%) to 24,002.
Financials led the early gains with a 1.1% rise, driven by ICICI Bank and HDFC Bank, which climbed 2.1% and 0.9%, respectively. The Nifty Bank index advanced 1.4%.
All major sectoral indices opened in the green, except Auto and FMCG. Nifty Auto edged down 0.2%, while Nifty FMCG slipped 0.6%.
Broader markets also showed positive momentum, with the Nifty Midcap and Smallcap indices rising 0.6% and 0.5%, respectively.
The BSE Sensex rose 525 points (0.67%) to 79,078, while the broader Nifty 50 gained 151 points (0.63%) to 24,002.
Financials led the early gains with a 1.1% rise, driven by ICICI Bank and HDFC Bank, which climbed 2.1% and 0.9%, respectively. The Nifty Bank index advanced 1.4%.
All major sectoral indices opened in the green, except Auto and FMCG. Nifty Auto edged down 0.2%, while Nifty FMCG slipped 0.6%.
Broader markets also showed positive momentum, with the Nifty Midcap and Smallcap indices rising 0.6% and 0.5%, respectively.
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