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Indian benchmark equity indices traded higher ahead of U.S. CPI inflation data. BSE Sensex and Nifty50 continued to trade higher. TCS, Infosys, Tech Mahindra, and HCL Tech rose, while ITC, SBI, NTPC, Bajaj Finance, and Bajaj Finserv traded with cuts. Aditya Birla Capital shares rose over 6% after announcing a merger with Aditya Birla Finance.
India Business News: NEW DELHI: Sensex on Tuesday climbed 165.
HDFC Securities expects smallcaps to underperform Nifty in the short term.
The 30-share BSE benchmark Sensex rose 195 points or 0.27% to settle at 72,500. The broader NSE Nifty gained 32 points or 0.14% to end at 21,982. IndusInd Bank, M&M, Power Grid, Maruti, and SBI were the top Sensex gainers, while TCS, Bharti Airtel, ITC, Tata Motors, and HUL closed with cuts. The market capitalisation of all listed companies on BSE surged by Rs 2.17 lakh crore to Rs 388.14 lakh crore.
Analysts recommend upgrading TCS stock to 'buy' with a 14.6% upside. Cello World coverage initiated with a 25.6% upside driven by porcelain. Embassy REIT offers a 9% upside with improving occupancy and rental rates.