FX.co ★ India Stocks Jump to Over 6-Week Top

On Monday, Indian stocks experienced a significant upswing, with the BSE Sensex climbing 746 points, or 1%, to reach 77,663 during morning trading. This marked the sixth consecutive day of gains, fueled by inflows from foreign investors attracted to the appealing valuations of large-cap stocks. This rally aligns with a positive session on Wall Street last Friday, influenced by President Trump's hints at potential tariff flexibility. Traders aimed to sustain this optimistic trend, bolstered by strong domestic economic indicators and the belief that the recent market downturn had bottomed out after a sharp correction from previous highs. However, the gains were slightly tempered by a slowdown in India's private sector growth, which hit a four-month low in March due to a deceleration in the services sectors. Despite this, all sectors saw gains, particularly financial services, banking, and technology. The Nifty 50 also rose by 1% to nearly 23,600, with significant increases observed in Kotak Mahindra (3.2%), Power Grid (2.9%), Axis Bank (2.4%), NTPC (2.4%), and Larsen & Toubro (1.7%).