FX.co ★ Sensex Advances for 2nd Day

India's BSE Sensex concluded Wednesday's session with a 0.4% uptick, closing at 82,693.7, marking its highest level since July 23 and extending gains for a second consecutive day. The market displayed a cautiously optimistic tone. The top-performing sectors included IT, banking, and auto, while sectors such as metals and FMCG witnessed some profit-taking. Investor sentiment remained buoyant amid the ongoing trade discussions between India and the United States. Furthermore, positive sentiment surrounding policy reforms and robust domestic inflows continued to support the market. However, persistent foreign institutional investor (FII) selling and apprehensions prior to the U.S. Federal Reserve's policy decision tempered the market's momentum. On the corporate front, SBI, BEL, Kotak Mahindra Bank, and Maruti emerged as the leading gainers, posting increases ranging from 1% to nearly 3%.