
Research Report on Equity Markets April 29, 2024
Market Summary :
Indian shares rose on Monday, lifted by better-than-expected earnings from Reliance Industries and steady foreign inflows, helping markets shrug off some risk-off sentiment amid India-Pakistan tensions. The Nifty 50 added 1.2% to 24,328.5 and the BSE Sensex gained 1.27% to 80,218.37. Despite tensions between India and Pakistan after the attack in Kashmir last week, foreign portfolio investors (FPIs) remained buyers of Indian stocks for the eighth consecutive session on Friday, further aiding sentiment. Heavyweight financials, which have significant foreign investor exposure, rose 1% on Monday, while IT closed 0.2% lower. The IT index gained 6.6% last week.
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