19.11.202505:29:23UTC+00India Stocks Rise in Early Trade

In morning trading on Wednesday, the BSE Sensex advanced by 264 points, or 0.3%, reaching 84,937. This upward movement offset the previous day's losses, primarily driven by a significant upswing in the technology sector. IT stocks experienced a 2.4% increase as investors capitalized on opportunities following the prior day's sell-off, largely disregarding concerns over AI stock valuations. Leading the charge was Infosys, which saw a 3.1% rise, followed by HCL Technologies with a 2.1% gain and Tata Consultancy Services with an increase of 1.6%. Market sentiment was further buoyed by optimism regarding a prospective trade agreement between India and the United States, as White House economic adviser Kevin Hassett indicated that the trade and tariff negotiations with India are nearing completion. Additionally, the broader index benefited from advancements in auto stocks and consumer durables, with Hindustan Unilever climbing 1.4% and Mahindra & Mahindra inching up by 0.9%. Nonetheless, the overall gains were restrained as investors remained cautious ahead of Nvidia's quarterly earnings release and the impending U.S. employment report.