FX.co ★ India Stocks Move in the Green

The BSE Sensex increased by 171 points, or 0.2%, reaching 81,741 during Wednesday morning trading, offsetting the losses from the previous session. The upturn was primarily fueled by advancements in the auto, manufacturing, and banking sectors. Additionally, the small-cap and mid-cap indices bolstered the market with increases of 0.4% and 0.3%, respectively. Despite heightening tensions in the Middle East, traders remained optimistic as they anticipated the Federal Reserve's forthcoming monetary policy decision, with the prevailing expectation that the central bank would maintain steady interest rates. The positive climate was further enhanced by favorable domestic economic indicators, as declining inflation bolstered expectations of future rate cuts. Nonetheless, the upward trajectory was tempered by a decline on Wall Street on Tuesday, amid concerns regarding potential US involvement in the ongoing Israel-Iran conflict. The Nifty 50 index experienced a 0.3% gain, surpassing 24,900, spurred by significant performances from IndusInd Bank (5.2%), Maruti Suzuki (2.0%), Mahindra & Mahindra (1.8%), Bajaj Finance (0.9%), and Titan (0.7%).