The SENSEX Index Closes 0.58% Higher

India’s BSE Sensex closed about 0.6% firmer at 76,923 on Wednesday, snapping a two-session losing streak, led by gains in autos. Meanwhile, investors tracked developments in the Middle East and domestic data, while awaiting Fed Chair remarks later in the day. Final data showed India's manufacturing sector continued to expand in June, but the pace of growth slowed to its second-weakest level since mid-2022. Maruti and Mahindra & Mahindra were among the top performers, rising 2.1% and 1.9%, respectively, after reporting solid sales numbers. Financials and fast-moving consumer goods also advanced firmly, outweighing weakness in tech and metal stocks. Eternal, Asian Paints, Hindustan Unilever, Adani Ports, and State Bank of India saw gains between 2% and 5.7%. Conversely, HCL Tech (-3.5%), Tech Mahindra (-3.1%), Tata Consultancy Services (-2.6%), Tata Steel (-1.6%) and Infosys (-1.5%) posted the biggest losses.

The SENSEX Index gained 444 points or 0.58 percent on Wednesday to close at 76923 points. Gains were led by Eternal Limited (3.97%), Nestle India (3.40%) and Asian Paints (3.01%). Biggest losers were HCL Tech (-3.43%), Tech Mahindra (-3.18%) and Tata Consultancy (-2.49%).

India’s BSE Sensex rose about 0.4% to 76,751 in early Wednesday trading, snapping a two-session losing streak as strong gains in auto stocks supported investor sentiment. However, optimism remained subdued amid persistent concerns over stalled US-Iran negotiations. On the corporate front, KPIT Technologies warned of a sequential decline in June-quarter dollar revenue and operating profit due to weaker demand from European automakers, Kotak Mahindra Bank announced the acquisition of Deutsche Bank's retail banking and wealth management business in India, and Citi Research upgraded Titan Company, Havells India, and Page Industries to "buy" from "neutral." Among notable movers were Paisalo (15.1%), Rites (9.1%), MCX (4.2%), Saksoft (3.2%), and Ola Elec (2.7%), while losers included KPIT (-14%), Tata Elxsi (-5.3%), Avenue Supermarts (-3.4%), and Ramco Systems (-1.8%).