Key Points
New Delhi [India], April 24 (ANI): Indian stock indices opened Mondays trade on a firm note after closing largely steady last week..
Three factors excellent Q4 results from ICICI Bank, better-than-expected Q4 results from Reliance and RBIs approval for the merger of HDFC in HDFC Bank augur well for Indian stock markets as these stocks have a sizable weightage in the indices, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services...
That will have to wait for favourable global cues, particularly the US inflation print and the Feds response, Vijayakumar said, advising investors to buy the high-quality stocks on the dip...
Choice Broking also echoed that markets turned positive after better earnings by ICICI Bank and Reliance Industries...
For fresh cues, investors will continue to monitor the earnings of listed companies along with the latest pattern of foreign investments in Indian stocks..
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