FX.co ★ India Shares Maintain Upside Momentum

The BSE Sensex climbed 281 points, or 0.4%, on Tuesday, reaching 79,677. This marks the sixth consecutive day of gains, bringing the index to its highest point since the start of January. The upward movement was largely driven by strong performances in the banking and metals sectors. Metal stocks saw a 3% increase after New Delhi introduced a temporary tariff on specific steel imports as of Monday, a measure aimed at controlling a surge in imports predominantly from China. Additionally, the Nifty Bank index surged by more than 2% following the Reserve Bank of India's decision to relax the final Liquidity Coverage Ratio (LCR) norms, set to take effect in April 2026. Investors seized on the positive momentum amid steady inflows of foreign funds, spurred by robust domestic economic indicators. Sentiment was further bolstered by optimism surrounding the forthcoming Q4 earnings, with companies such as HCL Tech scheduled to release their results later today. In parallel, the Nifty 50 index rose by 0.3% to approach 23,200. Notable gainers included Kotak Mahindra Bank, which increased by 2.5%, HDFC Bank rising by 1.9%, Hindustan Unilever up by 1.3%, JSW Steel gaining 1.2%, and Bajaj Finance, which advanced by 0.8%.