FX.co ★ India Stocks Trade in the Red

The BSE Sensex fell by 193 points to 82,441 during early trading on Thursday, pulling back from nearly flat movements in the prior session. The index was pressured primarily by downturns in the technology, banking, and financial sectors. Investor sentiment remained wary due to global uncertainties, particularly surrounding speculation that U.S. President Donald Trump might consider the removal of Federal Reserve Chair Jerome Powell, despite Trump's denials of any immediate intentions. Furthermore, investors exercised caution due to ongoing trade negotiations between the U.S. and India. Market participants are also eagerly anticipating key corporate earnings announcements, with companies such as Axis Bank, Wipro, LTIMindtree, and Jio Financial Services scheduled to release their quarterly financial results later today. Among the notable movers, ICICI Bank's shares decreased by 1.0%, Infosys by 0.8%, Asian Paints by 0.5%, and IndusInd Bank by 0.4%. Tech Mahindra's shares dropped by 1.7%, even though the company reported a 34% increase in its consolidated net profit.