{"id":44720,"date":"2024-03-12T04:41:50","date_gmt":"2024-03-12T04:41:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/12\/sensex-nifty-gain-led-by-banks-financials\/"},"modified":"2024-03-12T04:41:50","modified_gmt":"2024-03-12T04:41:50","slug":"sensex-nifty-gain-led-by-banks-financials","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/12\/sensex-nifty-gain-led-by-banks-financials\/","title":{"rendered":"Sensex, Nifty Gain Led By Banks, Financials"},"content":{"rendered":"
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Indian shares opened on a positive note Tuesday even as a cautious undertone prevailed ahead of crucial U.S. inflation data due out later in the day that could influence the timing of the Federal Reserve’s pivot to monetary easing.<\/p>\n

India’s CPI data is also due, with analysts expecting price pressures to ease to a four-month low in February.<\/p>\n

The benchmark S&P BSE Sensex rose 490 points, or 0.7 percent, to 73,997 in early trade, while the broader NSE Nifty index was up 113 points, or half a percent, at 22,445.<\/p>\n

Banks and financials traded higher, with IndusInd Bank, HDFC Life and HDFC Bank climbing 1-2 percent.<\/p>\n

TCS added about 2 percent and Reliance Industries was up 1.3 percent. <\/p>\n

HIL rallied 2.3 percent after acquiring Topline brand and four associated companies to expand its presence in the PVC pipes segment.<\/p>\n

ITC fell more than 2 percent on reports that British American Tobacco (BAT) is preparing to offload a portion of its stake in the company this week. <\/p>\n

AB Capital jumped 3.6 percent after a merger announcement with Aditya Birla Finance.
Jupiter Wagons lost 4 percent despite a new order win. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n