FX.co ★ India Stocks Snap Three-Session Losing Streak

On Monday morning, the BSE Sensex experienced an increase of 208 points, or 0.3%, reaching 83,424. This rise offset losses from the preceding three trading sessions, influenced by positive trends in Asian markets following a favorable session on Wall Street last Friday, driven by hopes for a resolution to the US government shutdown. Similarly, the Nifty 50 and mid-cap stocks saw gains of 0.3%, while small-cap stocks encountered a slight decline of 0.2%. Market sentiment was buoyed by optimism regarding corporate earnings and the anticipation of advancements in India–US trade negotiations. Further boosting investor confidence was a Reuters poll suggesting the inflation rate could decelerate to 0.48%, marking its lowest point since at least 2012, and potentially prompting further interest rate cuts by the Reserve Bank of India in its forthcoming meeting. The majority of sectors were in positive territory, with significant contributions from technology and banking stocks. The tech sector rose by 1.7%, highlighted by notable advancements in companies such as Infosys (1.8%), HCL Technologies (1.3%), and TCS (1.2%). Additional early gainers included Asian Paints, rising by 1.3%, and Reliance Industries, climbing by 0.9%.