FX.co ★ Sensex Rises for 2nd Day

India’s BSE Sensex ended about 0.75% higher at 77,502 on Thursday, extending the previous session’s advance, supported by positive global cues and renewed strength in information technology stocks. Sentiment improved on the back of easing oil prices and growing expectations that major central banks could adopt a less aggressive policy stance if inflation continues to moderate.

Optimism over constructive US–Iran talks in Doha, together with reassuring remarks on inflation from Federal Reserve Chair Kevin Warsh, further underpinned risk appetite. Technology shares led the gains, with Infosys, Tech Mahindra and other leading IT names climbing between 4% and 5.6%, driven by bargain hunting after a four-day losing streak and optimism about tech spending.

Among the other notable gainers were Bajaj Finserv (up 3.3%), Adani Ports (1.9%), Titan (1.7%), and ICICI Bank (1.5%). On the downside, the main laggards in the session were L&T, which slipped 0.8%, and Maruti, down 0.4%.