FX.co ★ India Stocks Rise to Near 3-Week High

On Tuesday, the BSE Sensex increased by 135 points, or 0.2%, reaching 81,409 during morning trading. This marks the fourth consecutive session of growth and its highest level since July 30. The positive momentum is largely attributed to the government's planned reductions in the domestic Goods and Services Tax (GST) as part of its broader reform initiatives. In parallel, the Nifty 50 edged up by 0.2%, approaching the 25,000 threshold, while small-cap and mid-cap stocks saw upticks of 0.4% and 0.1% respectively. The market also found support from diminishing geopolitical tensions after meetings between US President Trump, Ukrainian President Zelensky, and European leaders, following Trump's summit with Russian President Putin. However, a degree of caution persists as traders anticipate China's upcoming interest rate decision on Wednesday, especially with China being India's primary trading partner. The market's rise was primarily driven by the oil & gas and auto sectors, which experienced gains of 1.1% and 0.9% respectively. Notable performers included Tata Motors, which surged by 3.0%, Reliance Industries up by 2.3%, Bharti Airtel increasing by 1.8%, and Infosys growing by 0.6%.