FX.co ★ Sensex Snaps Two-Session Losing Streak

The BSE Sensex experienced a rise of 315 points, or 0.4%, reaching 82,068 during early trading on Monday. This increase comes amidst a volatile session that halted a two-day decline and marked a recovery from last Friday's four-week low. The upward movement was primarily driven by advancements in the financial services, banking, and metals sectors. Market participants are keenly anticipating the release of Q1 earnings reports, with companies such as Ultratech Cement, IDBI Bank, and PNB Housing poised to disclose their financial results. Despite the gains, the unresolved trade discussions between the US and India imposed some limits, as investors remained cautious, awaiting crucial developments from these negotiations. Both ICICI Bank and HDFC Bank saw their shares climb by 2.3% and 2.0%, respectively, following positive quarterly earnings. In anticipation of its forthcoming quarterly report, UltraTech Cement's stock advanced by 1.3%. Other notable early risers included Bharti Airtel, up by 0.9%, and Kotak Mahindra Bank, which increased by 0.8%.