Sensex, excellent, modestly higher in cautious trade

(RTTNews) – Indian stocks opened lower on Thursday as traders cheered a subdued US inflation print and upbeat earnings from companies such as JPMorgan Toddle, BlackRock, Goldman Sachs and Citigroup.

The benchmark S&P/BSE Sensex rose 212 components or 0.3 percent to 76,936 in early alternatives while the broader NSE Nifty rose 85 components or 0.4 percent to 23,297.

HDFC Lifestyles Insurance jumped 10 percent after reporting a 14 percent rise in revenue in the third quarter.

L&T Expertise’s businesses and products jumped 8 percent despite reporting a 4 percent year-on-year fall in consolidated profit for the third quarter of 2024.

Swiggy gained 2.7 pc after inclusion of sports subsidiary. Rail Vikas Nigam rose 7.7pc on the success of contract worth Rs 3,622 crore from BSNL.

Reliance Industries and Infosys posted modest gains, Axis Bank rose 0.7 percent and LTIMindtree added 1.4 percent ahead of its gains.

GAIL gained nearly 2pc after it properly entered into a settlement agreement with SEFE Advertising and Marketing & Procuring and Selling Singapore.

Indian Railway Finance Corporation rose 3pc as it signed a lease agreement with NTPC for eight BOBR rakes, which is mostly Rs 250 crore.

CEAT fell more than 6 percent due to disappointing results.

The views and opinions expressed herein are those of the author and are not necessarily the specialty of Nasdaq, Inc.