FX.co ★ India Stocks Attempt to Rise from 3-Week Low

The BSE Sensex advanced by 137 points, or 0.2%, reaching 82,390 in early trading on Tuesday, breaking a four-day losing streak. The index showed signs of recovery from its three-week low, hit the previous day, bolstered by optimism about a potential US-India trade agreement. Commerce and Industry Minister Piyush Goyal stated on Monday that ongoing negotiations with the US are poised to result in a mutually beneficial trade agreement. Additionally, sentiment was lifted by June's inflation data, which marked a decrease to its lowest point since 2019, raising expectations for potential further interest rate cuts. However, traders remained vigilant in anticipation of US inflation data, which might impact the Federal Reserve's interest rate policy decisions. The rise in the Sensex was primarily driven by gains in the automotive, banking, and real estate sectors. Early leaders in the market included Bharti Airtel, IndusInd Bank, and Kotak Mahindra Bank, each gaining 0.6%. Conversely, HCL Tech saw a significant decline, dropping 3% following the announcement of a 10% year-on-year decrease in consolidated net profit for the first quarter of fiscal year 2026.