Indian markets rebound as HDFC Bank boosts sentiment, Sensex climbs 261 points – Times of India

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NEW DELHI: Indian markets made a recovery on Tuesday, following a three-day downturn, driven by a global market rebound and increased investment in HDFC Bank following its strong quarterly earnings report.
The 30-share BSE Sensex surged by 261.16 points or 0.39%, closing at 66,428.09. Throughout the trading day, it peaked at 66,559.82, a significant increase of 392.89 points or 0.59%.
The Nifty index exhibited a similar upward trend, gaining 79.75 points or 0.40% to reach 19,811.50.
Key performers during the day included:

  • Power Grid
  • Kotak Mahindra Bank
  • Tech Mahindra
  • Bajaj Finserv
  • ITC
  • Bharti Airtel
  • Nestle
  • NTPC
  • Bajaj Finance
  • Reliance Industries
  • Infosys
  • HDFC Bank

HDFC Bank, in particular, recorded nearly a 1% increase in its stock price following its quarterly earnings announcement. The bank reported a consolidated net profit of Rs 16,811 crore for the September quarter.
On the flip side, notable underperformers during the trading day included:

  • Tata Motors
  • Larsen & Toubro
  • IndusInd Bank
  • Tata Consultancy Services
  • JSW Steel
  • Mahindra & Mahindra

In the broader global context, major Asian markets such as Seoul, Tokyo, Shanghai, and Hong Kong ended the day on a positive note. European markets were also trading in the green.



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