FX.co ★ Sensex Ends at Over 1-Month High

On Monday, the BSE Sensex climbed approximately 1.4%, closing at 77,984, marking its highest level since early February and notching its sixth consecutive session of gains. This upward trend was bolstered by foreign fund inflows and favorable global signals. Market sentiment got a boost following U.S. President Donald Trump's remarks on exercising "flexibility" regarding his proposed reciprocal tariff plan and his intention to discuss tariffs with Chinese President Xi Jinping. Domestically, a new Purchasing Managers' Index (PMI) survey indicated that India's private sector experienced a moderation in growth during March, with overall business activity expanding at a reduced pace compared to February. Financial heavyweights were at the forefront of this rally. Kotak Mahindra Bank soared by 4.5% following the announcement of Bhavnish Lathia as the new Chief Technology Officer. Bajaj Finance increased by 2.8%, while Axis Bank advanced 2.5%. NTPC experienced a notable rise of 4.6%, with Tech Mahindra and Power Grid Corporation also showing strong performance, gaining 3.5% and 3.1%, respectively.