FX.co ★ India Stocks Trade Slightly Higher

On Wednesday morning, Indian shares experienced an uptick, advancing by 139 points, or 0.2%, to reach 82,326, following a flat performance the prior day. Similarly, the Nifty index increased by 0.2%, breaking through the 25,100 threshold in early trading sessions. The BSE Sensex took its cue from gains observed in US stock futures, spurred by optimistic developments surrounding the US-Japan trade agreements, which have fostered expectations for additional trade deals. Furthermore, impending Washington-Beijing trade discussions in Stockholm contributed to the favorable market sentiment. Investors were also anticipating the earnings releases of major corporations, specifically Infosys and Dr. Reddy’s, both expected to disclose their financial results today. The automotive sector emerged as a notable contributor to the market’s rise, climbing by 1.1%, bolstered by news of an impending free trade agreement between India and Britain aimed at reducing tariffs on goods, including automobiles. Leading the market surge were companies such as Tata Motors (+2.3%), Maruti Suzuki (+1.4%), Bajaj Finance (+1.3%), Mahindra & Mahindra (+1.0%), and NTPC (+0.5%).