FX.co ★ India Stocks Rise to Over 4-Week High

The BSE Sensex advanced 320 points, or 0.4%, to 84,385 in Tuesday’s morning trade, extending gains for a third consecutive session and reaching its highest level since January 7. The benchmark tracked an overnight rally on Wall Street, fueled by a rebound in the technology sector. Sentiment remained supported by sustained foreign inflows following the recent trade deal with the US.

The Nifty 50 also added 0.4%, moving close to the 26,000 mark, while mid-cap stocks edged up 0.2%. However, investors remained cautious ahead of the release of January domestic inflation data later this week. Inflation is expected to rise to 2.4%, an eight-month high, but still within the RBI’s 2%–6% target range.

All major sectors traded in positive territory. Metal stocks led the gains with a 1.1% rise, driven by a 2.9% jump in Tata Steel. Technology counters climbed 0.9%, mirroring their Wall Street counterparts, with Tech Mahindra up 2.2% and TCS gaining 1.3%. Auto shares also advanced 0.9%, supported by Maruti Suzuki, which rose 1.4%, and Tata Motors, up 1.0%.