FX.co ★ Sensex Snaps Three-Session Losing Streak

In morning trading on Wednesday, Indian shares experienced a rise of 138 points, or 0.2%, bringing the index to 80,889, thus breaking a three-session losing streak. This uptick was fueled by gains in technology, automotive, and banking sectors. The BSE Sensex recovered from its lowest point in three weeks, reached the preceding day, as it mirrored positive overnight movements in Wall Street. This was supported by strong labor data and optimism surrounding US-China trade negotiations. Market anticipation grows as investors await the Reserve Bank of India's interest rate announcement slated for Friday. Analysts predict a rate reduction of 25 basis points, bringing it down to 5.75%, due to decreasing inflation alongside robust GDP growth. Meanwhile, stakeholders continued to follow the tariff discussions between the US and India closely. US Commerce Secretary Howard Lutnick indicated that a resolution might be imminent. On the economic data front, India's private sector growth for May was adjusted downward, reflecting weaker increases in both the manufacturing and services sectors. Leading the charge among early gainers were Tata Motors, up by 1.2%, Bharti Airtel, increasing by 1.6%, and Tech Mahindra, rising 1.1%.