FX.co ★ Sensex, Nifty Marginally Higher In Cautious Trade As Financials Surge

Indian equities experienced modest gains on Tuesday, rebounding slightly after experiencing significant declines in the prior session due to ongoing divestments by foreign institutional investors.

In early trading, the S&P/BSE Sensex index rose by 159 points, or 0.2%, reaching 80,379, while the broader NSE Nifty index advanced by 36 points, or 0.2%, to 24,508.

Bajaj Finance recorded an impressive surge, climbing nearly 5% following an 80% increase in its Q2 net profit. Meanwhile, Bajaj FinServ enjoyed a 2% rise.

Shares in Adani Enterprises, Bajaj Auto, and HDFC Bank appreciated by approximately 2%.

Paytm experienced a leap of over 4% after receiving approval from the National Payments Corporation of India (NPCI) to onboard new UPI users. Conversely, Shriram Finance, Mahindra & Mahindra, Power Grid Corp, Eicher Motors, and NTPC saw declines of 1-2%.

Indus Towers rose by 0.5%, benefiting from a reported 72% rise in quarterly net profit.

ICICI Prudential saw a slight decrease following a minor increase in its Q2 net profit.

Zomato declined around 1% amidst reports of potential fund-raising activities.