Domestic indices rise; HUL top gainer on Nifty 50 – Times of India


BENGALURU: Home indices on Thursday as shares throughout the board rallied, with Hindustan Unilever main the pack on the Nifty 50 index after it reported an increase in March-quarter revenue.
The NSE Nifty 50 index was up 0.44% at 17,106.45, whereas the sensex rose 0.41% to 57,049.77.
Each the indexes fell sharply within the earlier session as information of Russia chopping fuel provides to Jap Europe, prospects of aggressive US rate of interest hikes, and worries over surging inflation and stringent virus curbs in China harm danger urge for food.
On Thursday, Asian stocks additionally eked out positive aspects after upbeat US tech earnings.
In India, Nifty’s FMCG index rose 0.8%, pushed by a 2.5% leap in Hindustan Unilever after the agency’s quarterly revenue rose and beat analysts’ estimate.
Shares of Reliance Industries rose 0.7% to hover close to report highs after the conglomerate mentioned an funding firm arrange by Rupert Murdoch’s son James and former Disney India govt Uday Shankar will make investments $1.8 billion in Reliance’s broadcasting enterprise Viacom18.


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