Indian equity markets opened higher on Wednesday, continuing their upward streak for a fifth consecutive session, despite weak global cues and investor caution ahead of the September-quarter earnings season. The BSE Sensex rose by 269 points, or 0.3%, to reach 82,195, while the NSE Nifty edged up by 62 points, or 0.3%, to 25,170.
IT stocks led the gains, with Infosys, Tech Mahindra, and TCS each rising by around 2%, providing a boost to market sentiment. Titan Company shares jumped 4.2% after the retailer reported an 18% increase in sales for the second quarter, driven by growth in its watch and jewellery segments.
Other notable movers included CONCOR, which climbed over 1% after signing a strategic agreement with UltraTech Cement to enhance cement transportation using rail infrastructure. KPIT Technologies also gained about 1% after raising its stake in N-Dream by 62.9%, reflecting its ongoing investment in tech innovation.
Meanwhile, Tata Motors slipped slightly as its Jaguar Land Rover (JLR) division reported a 24.2% year-on-year decline in wholesale volumes for the second quarter, weighing on investor sentiment.
