FX.co ★ Indian Stocks Gain for 4th Session

Indian stock markets experienced an uptick for the fourth consecutive session on Thursday, reaching their highest levels in over a month. This surge is attributed to anticipations of increased liquidity and eased financial conditions, which are expected to fuel economic growth. The S&P BSE Sensex climbed 1.2% to close at 76,350, while the Nifty 40 rose by 1.3% to 23,190. The technology sector led the charge, mirroring the gains seen in US tech stocks after a period of underperformance. TCS, Infosys, and HCL Tech saw increases between 2% and 1%. Meanwhile, banks largely sustained their upward momentum for the month, as the backdrop of easing inflation supported the Reserve Bank of India's shift towards enhancing liquidity and a more relaxed approach in stabilizing the rupee. Additionally, Bharti Airtel surged over 4% following announcements that it now operates the most network sites in Kerala, bolstering investor confidence in the company.