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.
Additional Support Predicted For Indonesia Shares
Australian Market Slightly Lower
Hong Kong Shares May Stop The Bleeding On Friday
Higher Open Called For China Stock Market
Rebound Anticipated For Taiwan Stock Market
Japan Retail Sales Add 0.3% In July
Singapore Stock Market May Add To Its Winnings On Friday
