gains 2%, Eternal drops 4%
Indian benchmark indices opened higher on Monday, buoyed by gains in banking and auto stocks. The positive sentiment followed U.S. President Donald Trump's decision to extend the trade talk deadline with the European Union, easing near-term trade tensions.
Top Market Highlights:
ETERNAL
shares fall 4% as FTSE and MSCI reduce stock weightings, potentially triggering $840 million in passive outflows.
NTPC
gains 2% after reporting a 22% YoY jump in Q4 profit to ₹7,897 crore.
PAYTM
rises over 1% after the Supreme Court stays a ₹5,712-crore GST notice against its First Games unit.
TATAMOTORS
climbs nearly 2% as Trump's tariff delay lifts sentiment; EV business posts positive EBITDA.
Sectoral Performance:
All major indices were trading in the green, with Nifty Bank, Auto, Financial Services, FMCG, IT, and Pharma advancing between 0.5% and 1%.