HDFC Bank, Tech Mahindra lift Indian shares higher at open
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
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Source: Reuters
Market Performance: Indian shares opened higher, with the NSE Nifty 50 rising 0.3% and the BSE Sensex increasing by 0.44%, driven by strong quarterly earnings from HDFC Bank and Tech Mahindra.
Stock Movements: HDFC Bank's stock rose 3% while Tech Mahindra's increased by 4%. In contrast, Kotak Mahindra fell 3% due to margin contraction, and Tata Consumer Products dropped 6.5% after disappointing core margins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
