FX.co ★ India Stocks Rise to Over Two-Week High

Equities in India saw an increase of 298 points, or 0.5%, reaching 82,164 during early trading on Tuesday, marking a rise for the fourth consecutive session. This surge brought the market to its highest point since September 19, driven by the central bank's recent lending reforms, which bolstered market sentiment. Key contributors to this positive trend included financials and oil & gas sectors, which posted gains of 0.6% and 0.7%, respectively. The banking sector also saw growth, rising by 0.4%, boosted by robust quarterly results from major banks and appealing valuations. The BSE Sensex mirrored gains from Wall Street on Monday, where both the S&P 500 and Nasdaq hit record highs, propelled by AI-related mergers and acquisitions, while disregarding concerns about a possible U.S. government shutdown. Concurrently, the Nifty 50 increased by 0.4%, while small-cap and mid-cap indices saw upticks of 0.1% and 0.3%, respectively. Early leading performers included Bajaj Finance (+1.6%), ICICI Bank (+1.1%), Power Grid (+1.1%), Tata Steel (+1.05%), and IndusInd Bank (+0.9%).