Sensex, Nifty Rebound In Cautious Trade
(RTTNews) - Indian shares eked out modest gains in cautious trade on Wednesday after suffering heavy losses in the previous session on concerns over Trump's tariff stance, weak corporate earnings and continues foreign fund outflows.
The benchmark S&P/BSE Sensex was up 215 points, or 0.3 percent, at 76,054 in early trade while the broader NSE Nifty index edged up by 40 points, or 0.2 percent, to 23,064.
IT stocks traded higher, with Tech Mahindra, Infosys, TCS and Wipro rising 1-2 percent.
Among the prominent decliners, PSU stocks such as Power Grid Corp, Coal India and BEL were down 1-2 percent.
HDFC Bank and Hindustan Unilever were up around half a percent each ahead of their earnings results.
UCO Bank tumbled 3 percent on fund raising reports.
PNB Housing Finance dropped 3 percent despite reporting a 43 percent jump in quarterly net profit.
Tata Technologies fell 2.5 percent as it reported a marginal decline in its Q3 net profit.
Tanla Platforms slumped 7 percent on reporting a 15 percent fall in quarterly net profit.
ICICI Prudential Life plummeted 8 percent despite Q3 profit increasing 43 percent year-on-year.
