FX.co ★ Sensex Halts 3-Day Decline

India's BSE Sensex saw a modest rise of approximately 0.3%, closing at 80,998.3 on Wednesday. This positive movement breaks a three-day losing streak, fueled by optimism surrounding the progress of US-China trade negotiations and the expectation of an impending rate cut by the Reserve Bank of India (RBI) later in the week. The RBI's policy committee has commenced its three-day session to deliberate on interest rates, with significant anticipation for a potential reduction of 25 or possibly 50 basis points to invigorate the economy amidst the unpredictability stemming from Trump's tariff measures. Concurrently, foreign institutional investors (FIIs) continued their selling trend for the third consecutive session on June 3. In the corporate arena, notable gains were observed from major players such as Eternal, IndusInd Bank, Bharti Airtel, Tech Mahindra, Reliance Industries, Tata Motors, Tata Steel, and HDFC Bank, which marked increases ranging from 0.7% to 3.2%. Contrarily, Bajaj Finserv (-1.7%), Axis Bank (-0.8%), and TCS (-0.7%) registered the largest declines.