FX.co ★ Sensex Ends at 1-Week High

On Monday, India's BSE Sensex concluded approximately 0.4% higher at 83,535 points, marking its best performance in a week and putting an end to declines observed over the past three sessions. The index mirrored the upbeat momentum witnessed in global markets, driven by optimism surrounding a potential resolution to the US government shutdown. Factors such as renewed foreign investment, anticipated advancements in India–US trade negotiations, and a robust earnings season further bolstered market confidence. On the upcoming data scene, the focus remains on the October inflation figures, which are projected to decrease to 0.48%, a record low since at least 2012. Such a development could potentially set the stage for additional interest rate cuts by the Reserve Bank of India. Among the top performers were Infosys, HCL Tech, Bajaj Finance, Asian Paints, TMPV, and TCS, which saw gains ranging from 1.2% to 2.6%. Conversely, Trent lagged significantly, declining by 7.4% after reporting its slowest quarterly revenue growth since 2021. Other companies like Eternal, Power Grid, and Ultratech Cement also experienced downturns, with declines of 1.5%, 1.4%, and 0.8%, respectively.