Indian shares followed global peers higher on Monday, though overall gains remained capped due to uncertainty surrounding Donald Trump’s trade policies and caution ahead of the Union Budget.
The benchmark S&P/BSE Sensex was up 170 points, or 0.2 percent, at 76,778 while the broader NSE Nifty index edged up by 24 points, or 0.1 percent, to 23,227.
Wipro jumped 7.3 percent after Q3FY25 results exceeded projections.
Kotak Mahindra Bank soared 9 percent on brokerage upgrades following strong Q3 performance.
Tech Mahindra was little changed as quarterly profit declined by 21 percent sequentially.
Jio Financial Services declined 2 percent on reporting flat Q3 profit.
IndusInd Bank lost 2 percent after Gobind Jain resigned as Chief Financial Officer of the bank.
Shriram Finance slumped 4 percent while HDFC Life, Trent and SBI Life were down 1-2 percent.
Market Analysis
Sensex, Nifty Open Higher; Financials Underperform
2025-01-20 04:37:43
