Indian equities started Tuesday's session on an upward trajectory following two consecutive days of declines. The benchmark index, S&P BSE Sensex, climbed 356 points, or 0.5%, reaching 75,722 in early trading. Meanwhile, the broader NSE Nifty index increased by 53 points, or 0.2%, to 22,882.
In particular, Bajaj Finance, Infosys, Axis Bank, ICICI Bank, and HDFC Bank saw gains between 1% and 2%. Conversely, Sun Pharma experienced a significant drop of nearly 5%, while NTPC and Hindalco each declined around 3%.
Union Bank of India surged 3.5%, driven by a notable 28% year-on-year increase in its Q3 consolidated net profit. Emami reported a 7% rise in quarterly profit, boosting its shares by 2%.
Additionally, Oriental Rail Infrastructure jumped 2.6% after securing an order valued at Rs 575 crore for the production and supply of 33 rakes of Flat Multi-Purpose Wagons (FMP).
However, Coal India saw a decline of 1.2% following the announcement of a 17% drop in Q3 net profit. In contrast, Tata Steel gained 1% as its quarterly profit surpassed market expectations. Federal Bank fell sharply by 6% after revealing a slight decrease in quarterly net profit. Indraprastha Gas also declined significantly, plunging 3.4% due to underwhelming financial results.
