India’s BSE Sensex opened about 0.3% higher at 76,456 on Wednesday, recovering some of the previous session’s losses as investors balanced the positive impact of lower crude oil prices against mounting expectations of further US interest-rate hikes. Overall sentiment remained cautious after the benchmark index had fallen roughly 1.2% on Tuesday, dragged down by weakness in information technology and metal stocks. Investor confidence was also dampened by worries over domestic business activity and the progress of the monsoon.
At the stock level, Indian Railway Finance Corporation slipped 5.4% after reports of a planned government stake sale, while Wipro was in focus following the expansion of its cybersecurity partnership initiatives. Meanwhile, JPMorgan downgraded HCL Tech, Wipro, and Tata Tech, cautioning that AI-driven disruption, restrained enterprise spending, and geopolitical uncertainty could continue to cap growth across India’s IT sector. Among the notable gainers were KPR Mill, up 12.6%, Roto, up 8.5%, and JSW Infrastructure, which rose 4.4%.
