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.
Thai Bourse May Halt Losing Streak On Thursday
Australian Market Slightly Lower
Indonesia Shares Tipped To Open In The Green
Hong Kong Shares Poised To End Two-Day Slide
China Stock Market May Stop The Bleeding On Thursday
Taiwan Stock Market May Extend Winning Streak
Singapore Stock Market May Extend Wednesday's Gains
