Indian equities experienced a modest uptick in early trading on Tuesday, following significant losses the previous session due to concerns over a potential increase in the Yen interest rate that could dampen cross-border investments in equities.
The benchmark 30-share BSE Sensex saw a rise of 127 points, or 0.2 percent, reaching 84,426. This cautious trading comes ahead of a market holiday on Wednesday in observance of Gandhi Jayanti.
Investors were also digesting the outcomes from a recent SEBI meeting, a series of domestic economic data releases, and escalating tensions in the Middle East.
The broader NSE Nifty index increased by 24 points, or 0.1 percent, to 25,835. Information technology stocks such as Wipro, Infosys, and Tech Mahindra showed gains of 1-3 percent.
Both Shriram Finance and Mahindra & Mahindra rose by over 1 percent, while Eicher Motors, JSW Steel, Tata Steel, Titan Company, and Asian Paints declined by 1-2 percent.
