Financials, autos power India’s benchmarks to best session in six weeks
6 days, 22 hours ago

Financials, autos power India’s benchmarks to best session in six weeks

Live Mint  

By Bharath Rajeswaran and Indranil Sarkar Jan 2 - India's benchmarks logged their best session in six weeks on Thursday, led by financials and autos on expectations of a pickup in corporate earnings, with IT firm Infosys propping up gains after a brokerage forecast a hike in its revenue growth projections. The Nifty 50 rose 1.88% to 24,188.65, while the BSE Sensex gained 1.83% to 79,943.71, clocking their best session since Nov. 22, 2024. Truck maker Ashok Leyland rose 6%, helped by a rise in its December sales, while top carmaker Maruti Suzuki and peer Mahindra & Mahindra added 5.7% and 4.2%, logging gains for the second straight session on monthly sales growth. The IT index rose 2.3%, led by a 4% gain in Infosys and a 3.2% jump in HCLTech, after CLSA said it expected the software companies to hike their fiscal year 2025 revenue growth projections on improving outlook in the U.S.

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