Sensex, Nifty Modestly Higher Led By PSU Stocks; Financials Drift Lower
(RTTNews) - Indian shares were slightly higher in early trade on Wednesday after bouncing back from a four-day losing streak the previous day on signs of easing retail inflation in the country.
The benchmark S&P/BSE Sensex was up 262 points, or 0.3 percent, at 76,761 while the broader NSE Nifty index edged up by 53 points, or 0.2 percent, to 23,228.
Larsen & Toubro, Coal India, Power Grid Corp, Maruti Suzuki India and NTPC were up 2-4 percent in the Nifty pack while Shriram Finance, Bajaj Finance and Bajaj FinServ all fell around 2 percent.
L&T Technology Services was up nearly 2 percent ahead of its earnings release.
Adani Green Energy surged 4.2 percent after commissioning a 57.2 MW wind power component at its wind-solar hybrid project in Khavda, Gujarat.
Vodafone Idea rallied 2.2 percent after it partnered with HCLSoftware to enhance the efficiency of its 4G and 5G networks.
Shoppers Stop soared 6 percent on reporting a 42 percent jump in its Q3 net profit.
Allcargo Gati added 2.1 percent on reporting 8 percent growth in December 2024 volumes.
Premier Energies advanced 1.5 percent on winning new orders worth Rs 1,460 crore.
IRFC gained 1 percent after it emerged as the lowest bidder (L1) to finance Rs 3,167 crore for the development of the Banhardih coal block in Jharkhand.
Larsen & Toubro rose over 1 percent after launching a second multi-purpose vessel for the Indian Navy.
Switzerland Logs Weaker Growth, Trims 2026 Outlook
U.S. GDP Jumps More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Edge Down To 229,000
FTSE 100 Down 0.4% In Cautious Trade
CAC Up Slightly; Pernod Ricard Rises On Earnings
DAX Retreats After Firm Start, Down Marginally
Swiss Franc Rises Against Majors
