FX.co ★ India Stocks Rise to Start the Week

The BSE Sensex experienced an increase of 456 points, equivalent to a 0.5% rise, reaching 84,668 during Monday morning trading. This surge followed a temporary pause in the previous six-session winning streak observed last Friday. Market optimism was fueled by the easing of US–China trade tensions and indications of a potential trade agreement. Additionally, strong quarterly results and positive anticipation of upcoming earnings reports contributed to the market gains. Among the companies set to announce their results are Adani Energy Solutions, Indian Oil, and Bata. Investors also looked to the upcoming US Federal Reserve policy meeting with hopes of an interest rate cut, driven by a recent softer-than-expected inflation report. All market sectors showed gains, with real estate stocks leading the way with a 1.4% increase, followed by the oil & gas sector at 1.3% and metals at 1.0%. Notably, Conforge saw a significant jump of 4.7% after reporting an impressive 86% year-on-year increase in Q2 net profit. SBI Life observed a 3.1% rise following results that met expectations, highlighting a 27.5% increase in new business. Among other early performers were Bharti Airtel, gaining 1.0%, ICICI Bank, rising by 0.9%, and Sun Pharmaceutical, which went up by 0.6%.