FX.co ★ India Stocks Hit 9-Week High

The BSE Sensex advanced by 298 points, or 0.4%, reaching 82,992 during Thursday morning's trading session. This marked its third consecutive rise and the highest point since July 10, driven by the US Federal Reserve's recent interest rate cut along with the indication of an additional 50 basis-point reduction anticipated before the year's end, which spurred expectations of enhanced foreign investments. The positive sentiment was further reinforced by optimism regarding the US-India trade discussions and the impending implementation of GST reforms on September 22. Concurrently, the Nifty 50 increased by 0.3%, surpassing the 25,400 mark. Small-cap and mid-cap stocks showed gains of 0.1% and 0.3%, respectively. Nearly all sectors experienced upward momentum, with technology leading the charge, climbing 1.0%. Early gainers included Infosys (+1.3%), HCL Technologies (+1.2%), Hindustan Unilever (+1.2%), HDFC Bank (+1.1%), and Sun Pharmaceutical (+0.9%).