On Thursday, Indian shares saw a modest uptick amid cautious trading, prompted by traders tempering their expectations of significant rate cuts by the Federal Reserve in its forthcoming policy meeting.
The S&P BSE Sensex climbed 191 points, or 0.2%, settling at 81,714 during early trading hours. Concurrently, the broader NSE Nifty index increased by 85 points, or 0.3%, reaching 25,003.
Adani Ports and Special Economic Zone surged nearly 2% following the signing of a concession agreement to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat.
Both BPCL and IOC saw gains of approximately 1% after being awarded production concessions in Abu Dhabi.
Vedanta rose by 1.1% on the back of raising $900 million through a U.S. dollar bond issuance to prepay existing debt.
Engineers India experienced a 3% jump after announcing it had secured new orders worth Rs 4,681 crore in the initial five months of FY2025.
Nazara Technologies advanced by 2.7% following its acquisition of a 15.86% stake in Stan, a blockchain-based e-sports startup, for $2.2 million.
ONGC inched up by 0.8% as Brent crude futures recovered from three-and-a-half-year lows.
Tata Steel gained 1.4% after signing a £500 million grant funding agreement with the U.K. government for a green steel project at Port Talbot.
Conversely, Tata Motors fell by 1.2%, continuing its recent downward trend.
