FX.co ★ Sensex Rebounds in Early Deals

On Tuesday morning, India's stock market experienced a rebound with equities climbing by 739 points, equating to a 1.0% increase, taking the index to 73,877. This marked a recovery from losses observed over the past three sessions, with nearly all sectors turning positive, spearheaded by the consumer durables sector. Traders capitalized on profits following the previous day's significant drop— the most severe single-day decline in a decade. The BSE Sensex mirrored an uptick in U.S. futures, which came after a lackluster performance on Wall Street. Investor sentiment was buoyed by the Reserve Bank of India's monetary policy meeting, with expectations of a 25 basis point interest rate cut to 6% set for Wednesday. This anticipated move is in response to declining inflation and slowing GDP growth amidst global trade challenges. The Nifty 50 also rose by 1.1%, surpassing the 22,400 mark, with significant advancements seen in companies like Titan (2.8%), Bajaj Finserv (2.1%), State Bank of India (2.0%), Bajaj Finance (1.6%), Tata Motors (1.6%), and Asian Paints (1.5%).