BUZZ-State owned firms, Bajaj Finance lead India's benchmarks higher

Reuters
01-30
BUZZ-State owned firms, Bajaj Finance lead India's benchmarks higher

** India's benchmark Nifty 50 .NSEI and Sensex .BSESN indexes up about 0.3% each

** Benchmarks on a three-day run, but still down 1.6% in Jan

** Recen correction has made large-caps attractive, analysts say

** Public sector enterprises .NIFTYPSE rise 2%, with 18 of 20 members higher, on expectations of government focus on public spending and infrastructure in union budget on Feb. 1, per analysts

** Non-bank lender Bajaj Finance BJFN.NS gains 3% after posting a bigger quarterly profit due to strong loan growth

** Tata Motors TAMO.NS falls 6% after reporting a smaller quarter profit, hurt by weak car sales

** Whirlpool of India WHIR.NS tumbles 20% after parent Whirlpool Corp WHR.NS says to cut stake to 20% from 51%

** Small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 up 0.6% and 0.3%, respectively

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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