BUZZ-Financials, auto stocks lead recovery as Indian benchmarks set to snap six-week losing streak

Reuters04-10 15:28
BUZZ-Financials, auto stocks lead recovery as Indian benchmarks set to snap six-week losing streak

** India's Nifty 50 .NSEI, Sensex .BSESN up 1% each

** Benchmarks up over 5.5% this week, set to snap six-week losing streak on Iran ceasefire and ahead on U.S.-Iran talks, per analysts

** All 16 major sectors headed for weekly gains; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 up 7.6% and 7.4%, respectively

** Auto stocks .NIFTYAUTO jump 10.2% for the week, while heavyweight financials .NIFTYFIN rise 8.8%

** Larsen & Toubro LART.NS, which has significant exposure to Middle East, up 9.1% for the week, while airline IndiGo INGL.NS adds 8.3%

** TCS TCS.NS slides 3% on rare full-year revenue drop and cloudy FY27 outlook, leading IT stocks .NIFTYIT 2.5% lower

** Sun Pharma SUN.NS slides 4.8%, set for worst day since August 2020, on report co plans $12 billion binding bid for U.S.-based Organon ORG.N

(Reporting by Vivek Kumar M)

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

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