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Welcome to a fresh episode of ET Market Watch — where we bring you the latest news from the world of stock markets every single day. Let’s get to it:
Indian markets closed slightly higher on Wednesday, lifted by Larsen & Toubro, which jumped nearly 5% after posting a 30% rise in Q1 profits, beating estimates.
The Sensex added 144 points, and the Nifty ended above 24,850, though broader gains were limited ahead of the U.S. Fed policy decision and fresh worries about U.S.-India trade ties.
Sector-wise, IT and FMCG saw mild gains, while auto and realty stocks dragged.
Tata Motors slumped over 3% on reports it may acquire Italy’s Iveco for $4.5 billion, raising investor concerns about its balance sheet.
In the broader markets, GNG Electronics debuted with a bang, soaring 41%, while Indiqube Spaces slipped 8% on listing.
Meanwhile, the Rupee weakened sharply, closing at 87.42 per dollar, its lowest in 5 months, as traders braced for the Fed’s rate signals and a possible tariff shock from the U.S. after President Trump warned of steep duties unless a trade deal is sealed by August 1.
In commodities, Brent crude slipped to $71 a barrel, and spot gold recovered slightly.
That’s all for now on ET Market Watch. Make sure to follow us for daily updates. This is Neha V Mahajan, signing off.
