Indian equities experienced modest gains on Tuesday, rebounding slightly after experiencing significant declines in the prior session due to ongoing divestments by foreign institutional investors.
In early trading, the S&P/BSE Sensex index rose by 159 points, or 0.2%, reaching 80,379, while the broader NSE Nifty index advanced by 36 points, or 0.2%, to 24,508.
Bajaj Finance recorded an impressive surge, climbing nearly 5% following an 80% increase in its Q2 net profit. Meanwhile, Bajaj FinServ enjoyed a 2% rise.
Shares in Adani Enterprises, Bajaj Auto, and HDFC Bank appreciated by approximately 2%.
Paytm experienced a leap of over 4% after receiving approval from the National Payments Corporation of India (NPCI) to onboard new UPI users. Conversely, Shriram Finance, Mahindra & Mahindra, Power Grid Corp, Eicher Motors, and NTPC saw declines of 1-2%.
Indus Towers rose by 0.5%, benefiting from a reported 72% rise in quarterly net profit.
ICICI Prudential saw a slight decrease following a minor increase in its Q2 net profit.
Zomato declined around 1% amidst reports of potential fund-raising activities.
