Indian equities rallied. Sensex rose 500 points. Nifty crossed 24,200. The March quarter earnings season starts. HDFC Bank, Infosys, Wipro led gains.
Indian equities rose sharply on Tuesday, with the Sensex gaining 500 points and the Nifty crossing 24,200 for the first time in two weeks. The rally came as the March quarter earnings season got underway, with traders positioning for results from banks and technology firms.
HDFC Bank, Infosys and Wipro paced the advance. HDFC Bank shares climbed 1.8%, Infosys added 2.1%, and Wipro rose 1.5%. All three are among the most actively traded stocks on the NSE.
AlphaScala data shows HDFC Bank carries a score of 44 out of 100, labeled Mixed. Infosys scores 57, classified Moderate. Wipro sits at 46, also Mixed. The scores reflect each stock's current risk-reward profile based on price, momentum, and valuation signals.
The broader market rally was broad-based, with 38 of the 50 Nifty components closing higher. Financials, IT and energy led sectoral gains. The Nifty Bank index rose 1.2%, supported by HDFC Bank and Axis Bank.
Earnings reports from the Nifty heavyweights are expected over the next two weeks. The focus will be on margin trends and demand commentary from the IT services sector.
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