Price Action: Maruti, Eternal rally up to 4%; ICICI Bank, Axis Bank, metal stocks lag
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On April 29, Indian equities experienced stock-specific movements, with Maruti Suzuki and Eternal rising 4% each due to strong earnings. Reliance Industries gained 1.5%, while Cochin Shipyard surged 4%. Conversely, ICICI Bank and Axis Bank lagged, and metal stocks like National Aluminium and Steel Authority fell. The BSE Auto index rose 1.7%, and market breadth was positive with 2,208 stocks advancing. Overall, market activity remained stock-specific, driven by earnings visibility and cautious sentiment amid mixed global cues.
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