FX.co ★ Sensex Rebounds, Still Posts Weekly Loss

India's BSE Sensex concluded Friday's trading session with a gain of approximately 0.5%, reaching 84,929.4, effectively ending a four-day losing streak. This uplift was fueled by a broad-based rally following the release of soft US inflation data, which bolstered expectations of potential interest rate cuts in the upcoming year. The market's positive sentiment was further reinforced by renewed foreign fund inflows, as international investors continued to buy into Indian shares for two days in a row until Thursday. Leading the gainers were Bharat Electronics and Tata Motors Passenger Vehicles, both up by 2.4%, followed closely by Power Grid Corporation at 2.3%, Reliance with a rise of 1.4%, and Asian Paints at 1.1%. On the other hand, the downside was limited with HCL Technologies declining by 1.3%, Kotak Bank and ICICI Bank each slipping by 0.2%, while Sun Pharma ended nearly unchanged. Over the week, however, the index recorded a 0.4% decline, marking its second consecutive weekly loss, primarily due to ongoing uncertainties surrounding a potential US-India trade agreement.