Indian shares maintained stability on Wednesday following a significant rally the previous day, driven by reduced tariff concerns and anticipations of an interest rate cut by the Reserve Bank of India (RBI) anticipated later this week.
In early trading, the benchmark S&P/BSE Sensex edged up by 77 points, or 0.1%, reaching 78,655, while the broader NSE Nifty index increased by 52 points, or 0.2%, standing at 23,791.
In the Nifty group, Tata Motors, Hindalco, IndusInd Bank, ONGC, and BPCL experienced gains ranging from 2% to 3%. In contrast, Asian Paints dropped 4.3%, and Nestle India declined by 2.6%.
Tata Power saw a 2.2% rise after declaring a 10% increase in its Q3 net profit. Max Financial Services gained 3% following reports of fundraising activities.
Shares of Titan Company decreased by 0.7% after the jewelry maker announced a slight dip in quarterly net profit.
Whirlpool of India fell by 1.7%, despite reporting a substantial 57% year-on-year increase in consolidated net profit for the December quarter.
