Indian shares inch higher, blue-chip earnings in focus

  • Reuters
  • Stock Market News
Indian shares inch higher, blue-chip earnings in focus
Credit: © Reuters.

BENGALURU, April 27 (Reuters) - Indian shares edged up on Tuesday ahead of a slew of earnings reports from blue-chip companies, including Maruti Suzuki India MRTI.NS , with gains led by Reliance Industries (NS: RELI ) and IT stocks.

The NSE Nifty 50 index .NSEI rose 0.27% to 14,524 by 0350 GMT, while the benchmark S&P BSE Sensex .BSESN was up 0.25% at 48,507.4. The indexes had registered their third straight weekly loss last week on concerns over surging coronavirus cases in the country.

Nifty 50 components Maruti Suzuki India MRTI.NS , Axis Bank AXBK.NS , Britannia Industries BRIT.NS and Bajaj Finance BJFN.NS are set to report their quarterly results later in the day.

Meanwhile, Asian shares slipped ahead of the keenly watched two-day Federal Reserve meeting on interest rates, beginning Tuesday. MKTS/GLOB

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