Sensex, Nifty Modestly Higher; Axis Bank Shares Climb 6%

RTTNews | 1043 दिनों पहले
Sensex, Nifty Modestly Higher; Axis Bank Shares Climb 6%

(RTTNews) - Indian shares opened a tad higher on Friday, shrugging off mixed global cues as investors weigh the impact of aggressive interest rate hikes from major central banks on growth.

The benchmark S&P BSE Sensex rose 283 points, or half a percent, to 59,486 while the broader NSE Nifty index was up 72 points, or 0.4 percent, to 17,636.

Axis Bank jumped 6 percent and Canara Bank rallied 2.7 percent after posting encouraging financial results.

Hindustan Unilever, Kotak Mahindra Bank, HDFC Life and Apollo Hospitals Enterprise all gained around 2 percent.

Reliance Industries was marginally lower ahead of its earnings release.

Infosys slipped half a percent. The company has permitted employees to take up gig work with prior consent from managers.

Tata Consumer Products was little changed despite reporting a 36 percent rise in Q2 profit.

Vodafone Idea gained 2 percent. Market regulator SEBI has cleared the government's proposal to convert dues of over $1.92 billion by the telecom to equity.

TVS Motor Company rose 0.6 percent on news it would consider issue of zero-coupon debentures.

Mphasis tumbled 4.2 percent after announcing its Q2 results.

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Australian Market Swings To Modest Gains In Mid-market

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The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
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