FX.co ★ Sensex Advances for 2nd Day

The BSE Sensex in India rose by approximately 0.4%, reaching 80,796.8 on Monday, marking its highest level since mid-December and extending its upward trend for a second consecutive session. Investor confidence was bolstered by the possibility of a U.S.-India trade agreement, consistent foreign investments, and declining crude oil prices, which helped alleviate concerns about geopolitical tensions with Pakistan. Market participants now await the Federal Reserve's decision on Wednesday for insights into future interest rate changes and the U.S. economic outlook. Adani Ports led the market with a significant 6.3% increase, following news that representatives of billionaire Gautam Adani met with U.S. officials seeking the dismissal of criminal charges against him. Mahindra & Mahindra saw a 3.1% rise, boosting the automobile sector, due to better-than-expected revenue figures. In contrast, Kotak Mahindra Bank experienced a decline, dropping nearly 5%, after reporting a third-quarter profit that exceeded expectations but also indicating a rise in bad loan provisions. Meanwhile, the State Bank of India fell by 1.3% following a report of nearly a 10% reduction in net profit for the March quarter.