BUZZ-India's benchmarks jump on bargain hunting, tariff relief hopes

Reuters
05 Mar
BUZZ-India's benchmarks jump on bargain hunting, tariff relief hopes

** India's benchmark indexes jump 1.2%, set for biggest daily percentage gains in a month

** Attractive buying opportunity after recent fall and hopes of U.S. President Donald Trump taking back some tariffs imposed on Canada and Mexico aiding equities on the day, analysts say

** All 13 major sectors gain, with export-focused IT .NIFTYIT up 2.7%; index is the biggest boost for benchmark Nifty 50 .NSEI

** Coforge COFO.NS leads gains among IT, soars 9% on $1.56 billion deal with Sabre Corp SABR.O

** Broader midcaps .NIFMDCP100 and smallcaps .NIFSMCP100 up 2.1% and 2.4%, respectively

** Analysts expect caution to prevail in the near term amid tariff uncertainty

** U.S. president reiterates intention to impose reciprocal tariffs on several countries, including India, on April 2

(Reporting by Vivek Kumar M and Bharath Rajeswaran)

((VivekKumar.M@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10