FX.co ★ Sensex Finishes on Negative Note

On Monday, India's BSE Sensex concluded the trading session approximately 0.7% lower at 85,103, effectively erasing the advances made in the previous two sessions. This downturn was driven by traders choosing to secure profits in anticipation of the Federal Reserve's policy decision scheduled for later in the week. Additionally, persistent ambiguity surrounding a US trade agreement and continuous foreign capital outflows exerted significant pressure on the market, dampening the optimism generated by the recent rate cut by the Reserve Bank of India and promising growth outlooks. Notably, every sector experienced declines, with major losses observed in the heavyweight information technology and financial sectors.