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Indices

Sensex Recovers on Tech Gains

India’s BSE Sensex rose about 0.3% to 75,019 on Tuesday, recovering from the previous session’s losses, led by technology stocks as bargain hunting supported equities. Gains remained limited as Brent crude hovered around $107 a barrel amid ongoing Middle East tensions and supply disruptions. Among stocks, HDFC Bank was in focus after starting the process of finding a successor to CEO Sashidhar Jagdishan and submitting two candidates to the Reserve Bank of India. Coforge was also in focus after nomination committee chair D.K. Singh resigned amid internal tensions following an audit. KEC International announced new orders worth about 13.03 billion rupees, providing a positive catalyst for the infrastructure and engineering company. Meanwhile, India’s annual inflation rose to 4.82% in August from 4.45% in July, raising concerns over the inflation outlook and scope for further RBI easing. Notable gainers included Infosys (4.5%), TCS (4.6%), Zensar Tech (6.9%), and HDFC Bank (2.3%).

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