FX.co ★ India Stocks Muted in Morning Trade

The BSE Sensex maintained near stability, hovering around 81,471 in early trading on Thursday, following a three-day winning streak. Gains in the banking and energy sectors balanced out declines in healthcare, technology, and automobile stocks. Traders displayed caution in anticipation of potential trade discussions between US President Donald Trump and Indian Prime Minister Narendra Modi. Market sentiment was additionally muted ahead of key inflation data releases from both the US and India, which are anticipated to impact next week's monetary policy decision by the Federal Reserve and the Reserve Bank of India's (RBI) forthcoming policy stance. According to a Reuters poll, India's inflation rate is expected to rise to 2.1% in August, still within the RBI’s target range of 2% to 6%. In terms of specific stocks, Adani Ports rose by 1.9%, NTPC increased by 1.0%, and Power Grid edged up by 0.7%, whereas Infosys and Tech Mahindra saw declines of 1.5% and 1.2%, respectively.