Indian Stocks Hold Recent Rally

2026-02-04 11:54 By Andre Joaquim 1 min. read

Indian stocks inched higher on Wednesday, holding the surge from the previous session as markets continued to assess the impact of lower US tariffs on the Indian economy.

The S&P/BSE Sensex inched higher to 83,820 and the NSE Nifty 40 added 0.2% to 25,776.

The US government slashed their 50% tariffs on India to 18% earlier in the week after President Trump and Prime Minister Modi struck a deal, signaling a loose effort for India to stop buying Russian energy.

Shares in traditional sectors of the economy continued to rise, with Maruti Suzuki adding 2% to set the pace for auto manufacturers, Adani Ports rising over 2%, while ICICI Bank and HDFC Bank rose more than 1.5% to set the pace for lenders.

On the other hand, tech companies sold off to track the pressure on the sector in the US overnight.

Infosys plummeted 7.3%, while TCS, HCL, and Tech Mahindra fell over 4.5%.

Traders were cited in pivoting out of software companies due to increased competition from Anthropic AI agents.



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