Strong revenue growth and positive management commentary on festive and wedding-season demand also supported investor sentiment.
Key updates include debt relief for BHEL, a major capital raise at IIFL Finance, and strategic stake acquisitions and buyback moves across the portfolio
The MSCI November index review is scheduled for November 12; the revised index constituents will become effective from November 30
Indian government bonds declined on Wednesday as a sharp rise in US Treasury yields, triggered by hotter-than-expected inflation and hawkish signals from policymakers, overshadowed relief from lower crude oil prices. Higher US yields could erode the relative return advantage of Indian debt, dampening its appeal among foreign investors.
The affair between Nvidia CEO Jensen Huang and a Chinese businesswoman suspected of spying for Beijing has triggered investigations in the US, raising concerns over national security and the security of sensitive AI technology. The controversy has drawn scrutiny from Congress, the Justice Department and Nvidia's board, with President Donald Trump also weighing in.
The rupee strengthened 7 paise to 93.70 against the US dollar in early trade on Wednesday, supported by sustained foreign fund inflows, easing crude oil prices and improving geopolitical sentiment. The domestic currency has emerged as one of Asia's best performers in FY27, with traders expecting continued overseas investor participation to provide a buffer against external uncertainties.
Two-year Treasury yields went up by 17 bps to 4.73%, the biggest jump since Trump’s April 2025 tariff rollout unleashed a global meltdown.