Indian equity markets commenced Wednesday on a positive trajectory, reflecting strong sentiments from other Asian markets amid anticipations of further stimulus from Beijing to support its languishing economy.
In early trading, the S&P BSE Sensex climbed 150 points, or 0.2%, reaching 81,607, while the broader NSE Nifty index advanced by 53 points, or 0.2%, to 24,910.
Leading the gains, JSW Steel, Bharti Airtel, Hindalco, Asian Paints, and NTPC saw a rise of 1-2%.
Adani Enterprises appreciated by 1% amid reports suggesting the company's plans to issue public bonds for the first time in the near future.
Indus Towers experienced a decline of over 2% following the board's approval of a share buyback program at a mere 4% premium over Tuesday's closing price.
GAIL surged by 4.5% on the back of a 77% increase in its Q1 net profit.
Tata Steel's stock remained largely unchanged ahead of its earnings announcement.
Tata Consumer Products witnessed a decline of 1.4% after reporting a 28% drop in its Q1 net profit.
Varun Beverages rallied by 2.4% following a 26% growth in its quarterly profit.
Additionally, Dixon Technologies India saw a rise of over 2% as its Q1 profit and revenue more than doubled.
