Tuesday saw modest gains for Indian equities as investors resumed their workdays following an extended Christmas holiday. Nifty and Sensex Finish Slightly Higher Amid Cautionary Trading
The benchmark S&P BSE Sensex increased 229.84 points, or 0.32 percent, to 71,336.80, as expectations that the Federal Reserve will implement multiple rate cuts in the coming year were bolstered by indications of easing U.S. price pressures.
Ahead of settling at 21,441.35, the broader NSE Nifty index fluctuated within a narrow range of 91.95 points, or 0.43 percent.
Read more: Chinese FM chairs Palestinian-Israeli UN Security Council meeting.
Amid transport bottlenecks in the Red Sea and tensions in the Middle East, the region that contains most of the world’s oil reserves, oil prices continued to rise, limiting the upside.
Divis Laboratories increased by 4.6% to top the list of gainers, while ONGC, NTPC, Adani Enterprises, and Hero MotoCorp all rose by 2% to 3%.
Conversely, TCS, Infosys, Bajaj FinServ, and Bajaj Finance experienced declines ranging from 0.7 to 1.7 percent. Bharat Electronics, a state-owned defense and aerospace corporation, gained 4.4% following the disclosure of orders totaling Rs. 678 crores.
Following signing a contract with the Solar Energy Corporation of India (SECI) to provide 1,799 MW of solar power, Adani Green Energy’s stock increased by 5.5 percent.
