Sensex climbs over 300 points, Nifty tops 25,600 as earnings boost investor mood
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Indian stocks traded higher on Thursday, with the Sensex and Nifty lifted by upbeat quarterly earnings from Sun Pharmaceutical Industries and Britannia Industries, while reports of the inclusion of four domestic firms in the MSCI index added to the positive sentiment. The NSE Nifty 50 advanced 0.10% to 25,623.90 at the open, while the BSE Sensex gained 329.03 points, or 0.39%, to start the session at 83,788.18. On the Sensex, Asian Paints, Mahindra & Mahindra, Reliance Industries, State Bank of India and Adani Ports led the advance, climbing between 1% and 5%. Broader markets were subdued, with both mid-cap and small-cap stocks trading largely flat. Sun Pharmaceutical Industries rose 1.5%, while Britannia Industries surged 4% after reporting higher second-quarter profits. Live Events Paytm gained 4.3% after analysts described its core second-quarter performance as healthy. The stock also featured among the four domestic firms added to...