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3M India leads gainers as Indian stocks extend positive momentum
3M India jumped nearly 17% as Indian markets saw selective buying in industrial and banking stocks, led by domestic inflows and positive earnings expectations.
Indian equities traded mixed today with select midcap and industrial names showing strong gains. 3M India surged 16.85%, followed by advances in Hitachi Energy India and City Union Bank. Analysts attributed the uptick to earnings optimism and renewed institutional inflows. Broader sentiment stayed steady despite global market weakness. Investors are favoring sectors with robust domestic demand, including engineering, banking, and infrastructure, while tracking cues from global commodity movements and FII activity. The Nifty index closed slightly higher on rotational buying.