US stock indices edged higher on Tuesday after a rout in global markets on Monday. The S&P 500 and the Nasdaq added 1% each and the Dow Jones rose 0.76% as investors took a pause from recession fears. Major indices had lost more than 2.5 per cent on Monday in a move seen as a reflection of worries about a US economic recession. All the sectors ended in the green, with real estate and technology leading the gains. Among mega caps, Nvidia rose 4.3% after losing 6.4% in Monday’s session, Microsoft gained 1.1%, Meta advanced 3.8% and Tesla added 0.9%.

EIH Ltd witnessed volume of 1.96 lakh shares by 10:46 IST on BSE, a 6.33 times surge over two-week average daily volume of 30913 shares

The Japanese yen depreciated on Wednesday from a seven month high hit early this week after BoJ deputy governor Uichida noted his speech that the Bank will not raise its policy interest rate when financial and capital markets are unstable. He added that in contrast to the process of policy interest rate hikes in Europe and the United States, Japan’s economy is not in a situation where the Bank may fall behind the curve if it does not raise the policy interest rate at a certain pace. However, he further noted that since recent developments in financial and capital markets at home and abroad have been extremely volatile, the Bank is monitoring developments in these markets and their impact on economic activity and prices with utmost vigilance, and it will conduct monetary policy as appropriate and that the Bank needs to maintain monetary easing with the current policy interest rate for the time being.

Tata Power Company shed 1.40% to Rs 430.70 after its consolidated net profit decreased marginally to Rs 970.91 crore in Q1 FY25 as compared with Rs 972.49 crore in Q1 FY24.

Sales rise 27.12% to Rs 2250.54 crore