India’s BSE Sensex edged up about 0.3% to 73,465 at the open on Thursday, rebounding from the previous session’s losses as investors weighed the US Federal Reserve’s decision to keep interest rates unchanged against elevated crude prices and a mixed corporate earnings picture. Brent crude hovered around $114–$115 per barrel, stoking concerns about inflation, pressure on the rupee, and rising corporate costs.
In corporate news, Hero MotoCorp’s quarterly profit missed expectations amid higher input costs, while Vedanta’s net profit more than doubled on the back of stronger volumes and firm metal prices. United Spirits reported a 2% decline in profit, Meesho reduced its quarterly loss, and PNB Housing Finance posted a 6% rise in profit driven by loan growth.
Jio Platforms delivered a strong market debut on Wednesday, listing at a 21.4% premium to its IPO price. Key gainers included Jio Platforms (3.5%), Reliance (1.5%), Birlasoft (9.7%), Infosys (0.9%), and TCS (0.6%).
