FX.co ★ India Stocks Reach Near 14-Month High

India's equity markets saw a rise of 137 points, or 0.2%, reaching 85,323 during Thursday's morning trading, building on the previous session's gains. The BSE Sensex sustained levels not seen since September 26, 2024, driven by renewed foreign investment and a rise in Asian markets due to Nvidia's better-than-anticipated earnings and revenue figures. Investor sentiment was further bolstered by optimism regarding potential trade agreements between the United States and India. Nonetheless, traders remained wary ahead of the release of U.S. employment data, as they sought insights into the Federal Reserve's upcoming policy decisions. Recent FOMC minutes revealed a division among officials on whether to proceed with an interest rate cut in December. Most sectors, including technology, automotive, metals, and financial services, registered positive performance. Among the top gainers were Adani Ports, with a 1.0% increase, Reliance Industries at 0.8%, Power Grid also at 0.8%, and Mahindra & Mahindra with a 0.6% rise. Additionally, Infosys experienced a 0.3% uptick as it commenced its share buyback program today.