Indian shares opened higher, with some financial stocks underperforming

From Nasdaq: 2025-01-19 23:37:43

Indian shares rose on Monday, with the Sensex up 170 points and Nifty up 24 points. Wipro surged 7.3% on strong Q3 results, while Kotak Mahindra Bank soared 9% after a positive Q3 performance. Tech Mahindra saw a 21% decline in quarterly profit, and Jio Financial Services reported flat Q3 profit, leading to a 2% decline. IndusInd Bank dropped 2% after its CFO resigned, while Shriram Finance fell 4% and HDFC Life, Trent, and SBI Life were down 1-2%. Market gains were capped by uncertainty over Trump’s trade policies and caution ahead of the Union Budget.



Read more at Nasdaq: Sensex, Nifty Open Higher; Financials Underperform