Banks Lift Nifty, Sensex 0.4%

  Published 1 year ago

Indian markets rise 0.4% as strong HDFC Bank and ICICI Bank Q1 results drive gains; Reliance slips on segment concerns.

  • Financials rise 1.3%; HDFC Bank and ICICI Bank jump after reporting healthy profits on robust loan growth.
  • Reliance drops 2.2% as analysts highlight weakness in oil-to-chemicals and retail segments despite Q1 profit beat.
  • Metals gain on China stimulus hopes; small-caps steady, mid-caps slip slightly amid mixed sector performance.

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