FX.co ★ Sensex Recovers and Ends Higher

The BSE Sensex overcame initial setbacks to finish 0.4% higher at 77,044.3 on Wednesday, marking the third session of gains in a row despite bleak global indicators. Although concerns regarding global trade tensions remained, investor confidence was lifted by favorable domestic news. Banking heavyweights such as Axis Bank, HDFC Bank, and ICICI Bank spearheaded the advance, driven by the increasing anticipation of additional rate cuts following a drop in India’s inflation to a five-year low. Conversely, the auto and pharmaceutical sectors experienced declines.