FX.co ★ India Stocks Extend Gains

Shares in India experienced a rise of 176 points, or 0.2%, reaching 82,377, with the Nifty 50 increasing by 0.1% during Tuesday morning's trading. This marked the second consecutive session of gains, largely fueled by the robust performance of the banking and financial services sectors. The BSE Sensex mirrored the overnight advances seen in the S&P 500 and Nasdaq, spurred by optimism surrounding strong corporate earnings. Market participants remained attentive to first-quarter earnings reports, with 52 companies, including Mahindra & Mahindra Financial Services, Paytm, and Colgate, set to disclose their results. Nonetheless, gains were tempered by the persistent uncertainty over trade negotiations between the US and India as the August 1 deadline approaches. Among individual performers, Paytm saw a 2.5% uptick ahead of its Q1 earnings, where it is anticipated to report substantial revenue growth. Other notable early movers included Titan and HDFC Bank, both advancing by 0.8%, while ICICI Bank, JSW Steel, and Axis Bank each recorded a 0.6% increase.