April 26, 2024 at 12:20 am EDT
BENGALURU, (Reuters) - India's benchmark indexes opened higher on Friday, led by information technology stocks, which were boosted by Tech Mahindra after it unveiled a turnaround plan, while a fall in shares of Bajaj Finance after its quarterly results capped gains.
The NSE Nifty 50 was up 0.10% at 22,592.80 as of 9:48 a.m. IST, while the S&P BSE Sensex added 0.11% to 74,422.89.
IT index rose about 2%, the most among the major sectors. Tech Mahindra surged 13% and was the top Nifty 50 gainer after the company announced a three-year business plan.
"The company's new turnaround plan looks sensible," analysts at HSBC said, terming Tech Mahindra's valuation "attractive" in comparison with that of its peers.
Non-bank lender Bajaj Finance dropped 5.25% after its quarterly results, to be the top Nifty 50 loser and dragging the highest-weighted financial services index 0.2% lower.
(Reporting by Bharath Rajeswaran and Manvi Pant in Bengaluru; Editing by Savio D'Souza and Mrigank Dhaniwala)

Sumber : Reuters