Indian stocks underwent slight changes during cautious trading on Friday, resulting from mixed responses to earnings reports from major U.S. tech companies, as well as fresh U.S. data revealing a slowing of GDP growth paired with robust inflation.
The established S&P BSE Sensex index rose by 14 points to reach 74,354 during the early phase of trading, while the wide-ranging NSE Nifty index increased by 13 points to hit 22,583.
Tech Mahindra experienced a substantial surge, rising more than 11 percent, following the disclosure of an ambitious plan for revitalization by FY27.
Mining and metal corporation Vedanta also witnessed heightened trading activity, its shares rallying 2.5 percent as Q4 profits surpassed expectations.
Shares in Maruti Suzuki India and HCL Technologies increased by 1 percent and 0.6 percent, respectively, in anticipation of their upcoming earnings results.
InterGlobe Aviation's shares increased by 0.7 percent in response to IndiGo's order of 30 Airbus A350-900 aircraft, signifying the airline's move into the wide-body aircraft market.
Wind energy solutions provider Inox Wind saw a 0.8 percent uptick in share prices following the company board's decision to issue a 3:1 bonus.
However, not all the news was positive. Bajaj Finance saw a 6.4 percent drop in shares despite a 21 percent year-over-year climb in Q4 profit, while IndusInd Bank shares declined by 0.6 percent after announcing a 15 percent increase in its quarterly net profit.
