BENGALURU, July 22 (Reuters) - Indian shares opened higher on Thursday, buoyed by banking and metal stocks, expectations of strong performance from consumer goods major Hindustan Unilever (HLL.NS), and on gains in global markets.
"While there is some stress on asset quality, Bajaj Finance did post a fairly decent set of numbers and their guidance for credit cost is pretty encouraging," said Jyoty Roy, deputy vice president, research at Angel Broking, Mumbai.
Analysts expect Hindustan Unilever to post strong quarterly growth on Thursday.
The consumer goods giant is likely to report 21.3% revenue growth, led by the beauty and personal care, and foods and refreshment segments - both of which were adversely impacted by lockdown in the base quarter, analysts at ICICI Direct said in a note.
Asian stocks shrugged off virus worries to rally on Thursday, while bonds nursed losses and oil held onto sharp gains as investors looked ahead to the European Central Bank for reassurance that policy support will continue for some time. read more
Wall Street extended gains on Wednesday fuelled by positive corporate earnings from major companies.
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