FX.co ★ Sensex Ends at Over 3-Week Low

The BSE Sensex in India concluded Thursday's trading at approximately 83,311, marking a decline of 0.2% from its earlier position, reaching its lowest level since mid-October. This drop resulted from a volatile trading session, extending the downturn into a second consecutive day. The market's unease was primarily driven by ongoing concerns over persistent foreign capital outflows, which overshadowed the positive sentiment stemming from the recent addition of four Indian companies to the MSCI Global Standard Index. Traders remained cautious, anticipating further corporate earnings reports amid ongoing US-India trade negotiations. Economically, the release of the final PMI survey indicated a deceleration in the growth of India's services sector for October, although the sector's overall performance remained robust. In terms of stock performance, Power Grid, Eternal, BEL, Bajaj Finance, ICICI Bank, and NTPC were the most prominent decliners, each experiencing losses of up to 3.1%. Conversely, Asian Paints outperformed with a notable 4.7% increase, benefiting from a rise in its index weightage in MSCI's Global Standard Indexes, effective November 24. Other significant gainers included Reliance Industries, which advanced by 1.5%, followed by Mahindra & Mahindra and UltraTech Cement each with a 1% increase, alongside Tata Consultancy Services and Maruti, which rose by 0.8% and 0.6%, respectively.