The SENSEX Index Closes 0.09% Lower

India’s BSE Sensex rose about 1.0% to 77,538 on Wednesday, recovering losses from the previous session, as technology stocks led the gains ahead of the US Fed Reserve’s policy decision. The benchmark index was led higher by technology stocks, with NewGen (5.3%), KPIT Tech (4.3%), Coforge (4.2%), Infosys (3.9%), and TCS (2.8%) among the notable gainers. Other strong performers across sectors included SHK (14%), Paradeep (12%), and Firstsource Solutions (6.6%). Sentiment was also supported by renewed foreign buying, with foreign institutional investors (FIIs) turning net buyers of approximately INR 7.55 billion in the previous session. Investors also monitored corporate earnings, with Larsen & Toubro remaining in focus after reaffirming its full-year revenue and margin guidance following a strong quarterly performance. However, gains were capped by higher crude oil prices, as rising geopolitical tensions pushed Brent crude higher, posing a potential risk to India as a major oil importer.

The SENSEX Index decreased 70 points or 0.09 percent on Tuesday to close at 76766 points. The decline was led by Hindustan Unilever (-7.07%), NTPC (-1.96%) and ICICI Bank (-1.90%). On the upside, the strongest performers were Tata Consultancy (4.31%), Tech Mahindra (3.36%) and Nestle India (3.06%).

India’s BSE Sensex fell about 0.1% to 76,741 on Tuesday, giving back some of the previous session’s gains after snapping a five-session losing streak. Indian equities were expected to trade in a narrow range as investors awaited the US Federal Reserve’s policy decision and its assessment of the inflationary impact of the Iran conflict on the US economy, a key focus for India’s IT sector, which derives a significant share of its revenue from the US. Among individual stocks, Bharat Electronics and Tata Power were in focus after reporting strong quarterly earnings. Coal India came under pressure after missing earnings estimates due to weaker volumes and higher costs, while InterGlobe Aviation was in focus after appointing Kiran Thadimarri as its new chief financial officer. Among the laggards were Godfrey (-6.3%), CG Power (-5.0%), HFCL (-4.7%), Himadri Specialty (-3.5%), and Bharat Electronics (-3.2%).