People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS
July 22 (Reuters) – India’s equity benchmarks opened higher on Tuesday, supported by post-results rally in Eternal and strength in financials on the back of strong earnings from top private lenders.
The Nifty 50 (.NSEI), rose 0.3% to 25,166.65 points, while the BSE Sensex (.BSESN), gained 0.4% to 82,527.43 as of 9:15 a.m. IST.
Eleven of the 13 major sectors logged gains at open. The broader small-caps (.NIFSMCP100), and mid-caps (.NIFMDCP100), advanced 0.4% and 0.3%, respectively.
Financials (.NIFTYFIN), which climbed 1.6% on Monday boosted by upbeat June-quarter results from heavyweights HDFC Bank (HDBK.NS), and ICICI Bank (ICBK.NS), added about 0.5% at open.
Zomato parent Eternal (ETEA.NS), jumped 10%, building on last session’s 5.6% rise, after posting a more than 70% surge in quarterly revenue.
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy
