Sensex, Nifty Modestly Higher In Cautious Trade
(RTTNews) - Indian shares opened on a positive note Thursday as investors cheered a soft U.S. inflation print and upbeat earnings from the likes of JPMorgan Chase, BlackRock, Goldman Sachs and Citigroup.
The benchmark S&P/BSE Sensex was up 212 points, or 0.3 percent, at 76,936 in early trade, while the broader NSE Nifty index edged up by 85 points, or 0.4 percent, to 23,297.
HDFC Life Insurance jumped 10 percent on reporting a 14 percent rise in Q3 net profit.
L&T Technology Services soared 8 percent despite reporting a 4 percent year-on-year drop in consolidated net profit for Q3FY24.
Swiggy rallied 2.7 percent after incorporating a sports subsidiary. Rail Vikas Nigam climbed 7.7 percent on winning a contract worth Rs 3,622 crore from BSNL.
Reliance Industries and Infosys were seeing modest gains, Axis Bank rose 0.7 percent and LTIMindtree added 1.4 percent ahead of their earnings results.
GAIL gained nearly 2 percent after it entered into a settlement agreement with SEFE Marketing & Trading Singapore.
Indian Railway Finance Corporation surged 3 percent as it signed a lease agreement with NTPC for eight BOBR rakes amounting to Rs 250 crore in the first phase.
CEAT slumped more than 6 percent on disappointing results.
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