Indian equities experienced minor fluctuations within a tight range before closing slightly higher on Wednesday. A cautious sentiment prevailed among traders who kept a close watch on the escalating violence in Syria and anticipated significant U.S. inflation data expected later this week, which could impact the Federal Reserve's interest rate decisions.
The S&P BSE Sensex concluded the trading day with a modest gain of 16.09 points, or 0.02%, settling at 81,526.14, buoyed by optimism regarding potential economic stimulus measures from China. Meanwhile, the broader NSE Nifty index advanced to 24,641.80, marking an increase of 31.75 points, or 0.13%, compared to its previous close.
Notably, within the Nifty group, shares of Hero MotoCorp, Shriram Finance, Britannia Industries, Bajaj Finance, and Trent appreciated by 1-2%. In contrast, Adani Ports and JSW Steel both experienced declines, falling over 1%.
