FX.co ★ Sensex Muted in Morning Trade

Equity markets in India remained relatively stable, with indices holding around 78,007 on Wednesday morning, following modest gains in the previous session. Strength in the metal, automotive, and public sector banking sectors counterbalanced downturns in the media, healthcare, and pharmaceutical sectors. Investor sentiment was cautious, as the market anticipated the impact of impending tariffs announced by U.S. President Trump, who confirmed that automobile tariffs would soon be enacted, though he suggested not all proposed tariffs would commence on April 2. On a brighter note, continuous inflows of foreign funds buoyed the index amidst robust domestic economic indicators. IndusInd Bank saw a notable increase of 3.7%, driven by reports of the bank engaging a search firm to identify a new CEO. Early session risers included Power Grid, which climbed 1.7%, and Mahindra & Mahindra, up 1.5%. Conversely, Tech Mahindra and Maruti Suzuki experienced declines of 1.2% and 1.1%, respectively.