India’s BSE Sensex inched up about 0.1% to 74,990 on Tuesday, extending gains from the previous session, supported by softer crude oil prices, lower US Treasury yields, and strength across global equity markets. Brent crude hovered near $101 a barrel after four consecutive sessions of declines, easing some pressure on oil-importing India.
On the geopolitical front, US President Donald Trump signaled he was open to meeting Iranian President Masoud Pezeshkian in New York this week. Domestically, investor attention centered on the National Stock Exchange IPO, which attracted more than $10 billion in bids and was subscribed 5.71 times; the stock is scheduled to list on Thursday.
In corporate moves, Coal India advanced about 1.8% after Morgan Stanley upgraded the stock to “overweight,” citing an improved earnings outlook. Pace Digitek surged 9.6% following a 4.88 billion-rupee order win from an NTPC unit. In contrast, technology shares came under pressure, with Infosys (-1.0%), LTM (-3.4%), and Coforge (-0.7%) leading the sector’s declines.
