FX.co ★ Indian Stocks End on High Note

On Thursday, the BSE Sensex rebounded from early declines to close approximately 2% higher at 78,553.2, marking its fourth consecutive day of gains. The upward movement was primarily driven by significant financial stocks, buoyed by the potential for improved margins due to adjustments in savings deposit interest rates following the Reserve Bank of India's rate cut. Positive sentiment was further supported by hopes for successful US-India trade negotiations, favorable macroeconomic indicators—particularly regarding inflation—and new influxes of foreign capital. Of the 30 index components, 28 closed with gains. Leading the surge were stocks like Eternal, ICICI Bank, SBI, and Bharti Airtel, each rising up to 4%. Meanwhile, Tech Mahindra was the sole stock to decrease, shedding 0.39%, while Maruti Suzuki India concluded the session unchanged. The market will remain closed on Friday in observance of the Easter holiday and is set to reopen on Monday, April 21. For the entire week, the Sensex rose by approximately 4.5%.