Indian equities opened positively on Tuesday, bolstered by the S&P 500 and Nasdaq Composite reaching record highs the previous evening. This optimism was fueled by expectations of a potential rate reduction by the U.S. Federal Reserve in December.
In early trading, the S&P/BSE Sensex rose by 182 points (0.2%), reaching 80,430, while the broader NSE Nifty index increased by 53 points (0.2%), hitting 24,329. Leading the gains were Shriram Finance and Adani Ports, both advancing by 3-4%.
HCL Technologies, Cipla, and SBI saw gains of 1-2%, whereas Bharti Airtel, Trent, and ITC experienced declines within the same range.
ONGC appreciated by 1% on news of its plans to explore offshore mineral mining ventures.
Swiggy surged by 4% following the expansion of its 10-minute food delivery service, Bolt, which now operates in more than 400 cities across India.
Torrent Power climbed by 5.2% after announcing a Qualified Institutional Placement (QIP) issue aiming to raise up to Rs 5,000 crore through multiple installments.
Pricol advanced by 2.2% after acquiring the Injection Moulding business from Sundaram Auto Components Ltd. (SACL).
Meanwhile, Adani Power saw a slight decline following Bangladesh's decision to halve its power purchases from the company due to a payment dispute.
