FX.co ★ Indian Stocks End Slightly Higher

India's BSE Sensex ended Wednesday's trading session up by approximately 0.2% at 82,515, after a relatively quiet performance the previous day. The market's uptick was primarily driven by IT stocks due to positive developments in trade negotiations between the United States and major trading allies, including China and India. Recent high-level discussions in London resulted in a preliminary trade agreement framework between US and Chinese officials. Moreover, Indian officials reported progress in bilateral dialogues. Foreign institutional investors (FIIs) sustained their purchasing momentum for a third consecutive session on June 10th. Market participants are now anticipating the release of US inflation figures later today, along with India's Consumer Price Index (CPI) data on Thursday, to glean insights into future monetary policy directions. Leading the gains were HCL Technologies, up 3.1%; Infosys, rising 2%; and Tech Mahindra, increasing by 1.7%. On the other hand, financial and banking stocks experienced selling pressure as investors realized gains after the Reserve Bank of India's significant rate cut.