FX.co ★ Sensex Recovers After Three-Day Fall

India’s BSE Sensex climbed around 0.8% to 77,305 on Monday, snapping a three-session losing streak, as traders hunted for bargains and followed gains across other Asian markets. Further upside was limited, however, by higher crude oil prices.

Sun Pharmaceutical Industries advanced about 7.3% after posting a sharp rise in quarterly profit, supported by strong loan growth and plans to acquire US‑listed drugmaker Organon. Other standout gainers included Cohance, which surged 20%, and Tanla Platforms, up 11.1%.

On the downside, RBL Bank slipped 2.8% despite reporting higher quarterly profit on the back of robust loan growth, while Axis Bank dropped 3.4% after the lender reported a marginal decline in fourth‑quarter earnings. Other notable laggards included One97, down 3.7%, and Shriram, down 4.1%.

Meanwhile, heavyweight IT services stocks such as Infosys, HCL Tech, and Tata Consultancy Services remain stuck in a prolonged downturn, with roughly $115 billion in market value erased over about four months amid weak earnings, a slowing global economy, and concerns over disruption from artificial intelligence.