09.09.202504:56:54UTC+00Tech Sector Boosts India Stocks to Two-Week High

Indian equities advanced by 284 points, or 0.4%, reaching 81,072 in early trading on Tuesday, marking the second consecutive session of gains and achieving their highest level in two weeks. The tech sector was the primary driver of the index's rise, increasing by 2.1%, thanks to a significant 3.8% uptick in Infosys shares. This increase followed an announcement that the company's board is considering a proposal for the buyback of fully paid-up equity shares. The BSE Sensex mirrored the upward trend seen in Asian markets, bolstered by a favorable session on Wall Street the previous night. This optimism was fueled by expectations of potential Federal Reserve interest rate cuts this month, prompted by disappointing employment data, and ahead of forthcoming inflation reports. The Nifty 50 also saw a 0.3% increase, surpassing 24,800, while small-cap and mid-cap stocks each rose by 0.2%. However, traders remain cautious as they await the release of domestic consumer price data for August, which will play a crucial role in shaping the Reserve Bank of India's upcoming policy decisions, especially amid persistent US tariff challenges. Other significant gainers included Adani Ports and Tech Mahindra, both up by 2.0%, and HCL Technologies, which increased by 1.3%.