Sensex Gains as Oil Prices Ease
India’s BSE Sensex edged up about 0.1% to 74,990 on Tuesday, following gains in the previous session, supported by softer crude oil prices, lower US Treasury yields, and gains across global equity markets. Brent crude was trading around $101 a barrel after declining for four consecutive sessions, helping ease some pressure on oil-importing India. US President Donald Trump said he was open to meeting Iranian President Masoud Pezeshkian in New York this week. Meanwhile, investors focused on the National Stock Exchange IPO, which drew over $10 billion in bids and was subscribed 5.71 times, with shares set to debut Thursday. Among stocks, Coal India rose about 1.8% after Morgan Stanley upgraded the stock to “overweight” on a stronger earnings outlook. Pace Digitek jumped 9.6% after winning a 4.88 billion-rupee order from an NTPC unit. On the downside, tech stocks were under pressure, with Infosys (-1.0%), LTM (-3.4%), and Coforge (-0.7%) leading the losses.
1% to 74,990 on Tuesday, following gains in the previous session, supported by softer crude oil prices, lower US Treasury yields, and gains across global equity markets. Brent crude was trading around $101 a barrel after declining for four consecutive sessions, helping ease some pressure on oil-importing India. US President Donald Trump said he was open to meeting Iranian President Masoud Pezeshkian in New York this week. 71 times, with shares set to debut Thursday.
8% after Morgan Stanley upgraded the stock to “overweight” on a stronger earnings outlook. 88 billion-rupee order from an NTPC unit. 7%) leading the losses.