FX.co ★ India Shares Move in the Green

The Indian stock market showed an upward trend, climbing 389 points, or 0.5%, to reach 77,674 in early trading on Thursday. This rise came on the heels of losses in the prior session, as traders engaged in profit booking. Attention remained focused on the US-India trade discussions, with optimism regarding a favorable outcome. The BSE Sensex was buoyed by strong performances in the public sector banks, financial services, and technology sectors. However, the automotive sector saw a decrease of 1.1% after US President Trump declared a 25% tariff on auto imports effective next week, causing Tata Motors to plummet by 5.3%. The market mood was further supported by continued foreign fund inflows and positive economic indicators. Additionally, the Nifty 50 index rose by 0.5%, approaching 23,600, bolstered by standout performers such as Larsen & Toubro (1.7%), HDFC Bank (1.2%), Infosys (1.1%), Titan (0.9%), and Reliance Industries (0.8%).