India’s BSE Sensex climbed 0.8% to close at 77,493 on Wednesday, rebounding from the previous session’s losses as upbeat quarterly earnings helped counter the impact of rising oil prices and persistent foreign outflows. Sentiment remained fragile amid geopolitical tensions, after the US signaled it would maintain a naval blockade of Iranian ports to push Tehran back to the negotiating table, heightening the risk of a prolonged energy shock.
Caution also prevailed ahead of the US Federal Reserve’s policy decision, with investors awaiting guidance on the future rate path that could heavily influence global capital flows and risk appetite for emerging markets. Among individual stocks, Maruti Suzuki rose 2.8% despite posting an unexpected decline in March-quarter profit, as brokers responded positively to resilient underlying demand and constructive forward guidance.
