Indian shares edged higher in cautious trade on Tuesday, supported by declining international crude oil prices and optimism surrounding diplomatic efforts to de-escalate the U.S.-Iran conflict, along with signs of recovering Saudi oil exports.
The benchmark 30-share BSE Sensex rose 120 points, or 0.2 percent, to 74,980 in early trading, while the NSE Nifty advanced 45 points, or 0.2 percent, to 23,459.
Adani Ports, HDFC Bank, Titan Company and Eternal gained approximately 1 percent among top advancers.
Hindustan Copper advanced 2.7 percent as copper prices climbed for a sixth consecutive session toward a record high, driven by tightening supplies in China’s physical market.
Pine Labs jumped 5.4 percent after block trading saw 4.97 crore shares, representing 4.3 percent of equity, change hands.
Wheels India rallied 2.2 percent following a preferential allotment that raised Rs. 180 crore in equity.
Garden Reach Shipbuilders & Engineers increased 1.6 percent after approving a Rs. 2,896 crore investment for its upcoming shipyard in Raichak, West Bengal.
Suryoday Small Finance Bank gained 1.5 percent after announcing capital raising through non-convertible debentures.
Waaree Energies rose 1.2 percent on securing a substantial domestic contract for the supply of 2 GW of solar modules.
Lloyds Metals and Energy gained about 1 percent amid reports of fundraising activity.
Information technology stocks came under selling pressure, with Infosys and HCL Technologies declining roughly 1 percent, following a over 4 percent jump in a U.S. semiconductor index on Monday amid renewed optimism regarding global semiconductor demand.
Meta’s AI agent application Muse reached the top of the App Store within ten days, reigniting investor interest in the chip sector.