On Thursday, Indian stock market experienced a slight dip due to concerns that a robust U.S. economy could lead the Federal Reserve to constrain the extent of interest rate cuts this year.
In early trading, the key S&P BSE Sensex dropped 93 points, or 0.1 percent, landing at 73,783, while the broader NSE Nifty index also descended 27 points, or 0.1 percent, to a level of 22,407.
HDFC Bank experienced an upturn, rallying 2.3 percent following its fourth quarter update, which concluded in March. In advance of a board meeting set to determine a preferential issue of shares, Vodafone Idea also saw a marginal increase of around half a percent.
KEC International witnessed a substantial surge, soaring 14 percent, upon securing new orders worth Rs 816 crores across various business segments. Avenue Supermarts also exhibited significant growth, surging 4.2 percent, after predicting a 19.8 percent rise in revenue for the fourth quarter of the fiscal year 2024.
Finally, L&T Finance Holdings saw an increase of more than 1 percent after recording a 33 percent rise in retail disbursements for the fourth quarter.
