BENGALURU, July 27 (Reuters) - Indian shares rose in early trade on Tuesday as strong quarterly earnings and overnight gains in U.S. stocks helped the domestic benchmark indexes consolidate.
Shares of Tata Motors (TAMO.NS) rose 0.56% after the Indian auto major posted a 108% jump in its first-quarter revenue and narrowed its losses as the pandemic fuelled demand for personal vehicles. read more
Axis Bank's (AXBK.NS) shares fell 0.45%. The private-sector lender's June-quarter consolidated net profit more than doubled, although its asset quality deteriorated.
Biocon Ltd's (BION.NS) shares gained as much as 1.4% after the company's unit Biocon Biologics partnered with Adagio Therapeutics to advance a COVID-19 antibody.
Active pharmaceutical ingredient manufacturer Glenmark Life Sciences' 15.14 billion rupees ($203.65 million) initial public offering will open for subscription on Tuesday.
Asian equity markets rose cautiously, after touching year-to-date lows the day before, as traders watch major U.S. companies' earnings and the Federal Reserve policy meeting this week.
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