FX.co ★ India Stocks Muted in Morning Trade

The BSE Sensex remained largely stable, hovering around 83,676 during early trading on Wednesday following previous session gains. This stabilization comes as traders exercise caution in light of ongoing economic and geopolitical uncertainties. Market participants analyzed comments from U.S. Federal Reserve Chair Jerome Powell, who maintained a guarded stance regarding potential interest rate cuts. Additionally, attention is focused on trade discussions between India and the United States, especially with President Donald Trump's July 9 deadline for tariffs looming, as well as tracking developments in the Middle East. In terms of sector performance, gains were observed in the technology, automotive, and healthcare sectors, counterbalancing declines in the metals, banking, and financial services sectors. Notably, Infosys advanced by 2.4%, Tata Consultancy Services gained 1.7%, and Tech Mahindra increased by 1.2%. Conversely, IndusInd Bank, Bajaj Finserv, and Nestlé India experienced declines of 3.2%, 1.1%, and 0.9%, respectively.