Sensex Jumps 350 Pts, Tata Comm Eyes AI Network, Markets Cautious Over Geopolitics
Indian benchmark indices experienced volatile trade, with the Sensex rising 350 points near 73,500 and the Nifty gaining 100 points around 22,700, driven by a late-session rebound in metal and healthcare stocks. Elevated crude oil prices, geopolitical tensions, and the upcoming US Federal Reserve policy decision influenced trading sentiment. Among major corporate movers, Infosys pared early losses following guidance revisions, BPCL gained on quarterly earnings, and Dr. Reddy's Laboratories targeted mid-November for generic semaglutide supply resumption. Ather Energy reported a second-quarter net profit of 1.26 crore rupees alongside positive EBITDA. Tata Communications announced plans to invest 400 to 450 million dollars in a 10,000-kilometre AI-ready fibre network linking Indian data centre hubs, prompting market analysts to review capital expenditure returns. Market experts also analyzed sectors including pharmaceuticals, private banks, renewables, and infrastructure companies like L&T and NCC, while addressing retail SIP inflows and policy risks in Samvat equity outlooks.