Indian shares hold steady after strong rally driven by optimism over easing tariff concerns and RBI rate cut

From Nasdaq: 2025-02-04 23:24:16

Indian shares remained steady on Wednesday after a strong rally the day before, driven by optimism over easing tariff concerns and expectations of an RBI rate cut. The Sensex was up 77 points while the Nifty rose 52 points. Tata Motors, Hindalco, and IndusInd Bank surged, while Asian Paints and Nestle India declined. Tata Power reported a 10% rise in Q3 net profit, boosting its shares by 2.2%. Max Financial Services also climbed 3% on fund raising reports. Titan Company saw a slight decrease in quarterly net profit, leading to a 0.7% drop in its shares. Whirlpool of India’s net profit increased by 57% year-on-year, but its shares declined by 1.7%.



Read more at Nasdaq: Sensex, Nifty Pause After Strong Rally