Indian shares experienced a subdued opening on Tuesday, influenced by cautious signals from global markets amidst concerns over China's economic outlook and anticipation of the upcoming U.S. jobs report, which could provide further guidance on the Federal Reserve's interest rate trajectory.
The BSE Sensex, a benchmark for Indian equities, decreased by 74 points or 0.1 percent to 82,486 in the early hours of trading. Similarly, the broader NSE Nifty index saw a decline of 17 points, or 0.1 percent, settling at 25,261.
In the Nifty pack, Bajaj Finance saw a decline of 1.4 percent. Conversely, stocks like ITC, Shriram Finance, and Wipro each rose approximately 1 percent.
Infosys experienced a slight dip, falling by 0.5 percent following reports that it has issued over 1,000 offer letters to 2022 campus recruits for System Engineer roles.
Matrimony.com surged by 10 percent following news of a share buyback.
Hindustan Aeronautics appreciated by 2.8 percent after the union cabinet committee sanctioned the procurement of 240 aero-engines for Su-30 MKI aircraft from the company, amounting to Rs 26,000 crore.
Lemon Tree Hotels saw a 1 percent increase after signing a contract for a new property in Madhya Pradesh.
Emami's shares rose nearly 3 percent after it announced ambitious plans to expand The Man Company into a Rs 500-crore brand.
Medi Assist Healthcare gained over 2 percent as a significant block deal saw 95 lakh shares, equivalent to 13.5 percent of its equity valued at Rs 80.5 crore, change hands at Rs 612 per share.
