On Wednesday, Indian stock markets demonstrated modest gains amid tentative trading, rebounding slightly following significant losses faced in the previous session. These earlier setbacks had been triggered by concerns over President Trump's tariff policies, weak corporate earnings, and persistent withdrawals by foreign investors.
The benchmark index, S&P BSE Sensex, rose by 215 points, equating to a 0.3% increase, reaching a level of 76,054 in early trading. Meanwhile, the broader NSE Nifty index increased by 40 points, translating to a 0.2% rise, standing at 23,064.
The information technology sector showed positive movement, with stocks like Tech Mahindra, Infosys, TCS, and Wipro each advancing between 1-2%.
Conversely, public sector undertaking (PSU) stocks witnessed declines; Power Grid Corporation, Coal India, and Bharat Electronics Limited (BEL) each fell by 1-2%.
Ahead of the release of their earnings results, HDFC Bank and Hindustan Unilever saw their share prices increase by approximately half a percent each.
UCO Bank shares experienced a 3% drop following reports pertaining to fund-raising activities.
Despite a remarkable 43% surge in quarterly net profit, PNB Housing Finance's share price fell by 3%. Similarly, Tata Technologies reported a slight decrease in its third-quarter net profit, leading to a 2.5% decline in its stock price.
Tanla Platforms faced a considerable drop, with shares plummeting by 7% after announcing a 15% decrease in quarterly net profit.
ICICI Prudential Life saw its stock price plummet by 8%, despite posting a 43% year-on-year increase in third-quarter profit.
