Amid mounting concerns over rising oil prices and escalating U.S.-China tensions, Indian equities saw mild declines in early trading on Thursday.
The S&P BSE Sensex fell by 274 points, a decrease of 0.3%, to settle at 80,441. Similarly, the NSE Nifty index dipped by 80 points, or 0.3%, to 24,532.
Asian Paints saw a 2.1% decline following disappointing first-quarter results. Bajaj Auto experienced a 3% drop, despite reporting an 18% increase in Q1 net profit. Adani Enterprises fell by 1.3% after revealing plans for an acquisition. Additionally, Adani Ports, Eicher Motors, and Coal India all declined by 1-2%.
Conversely, LTIMindTree surged 3.2%, even as it reported a slight decrease in Q1 net profit. ONGC climbed approximately 2%, while Sun Pharma and Axis Bank both rose by about 1%. State Bank of India (SBI) remained relatively unchanged after introducing a new term deposit scheme.
Infosys gained around 0.5%, whereas JSW Infrastructure dropped 1.3% ahead of their earnings announcements.
