FX.co ★ Sensex Halts 4-Day Rally

The BSE Sensex in India saw a decline of approximately 0.5%, closing at 83,606.5 on Monday. This fallback followed a four-day rally to record highs, prompting investors to take profits from certain leading stocks. Despite the medium-term outlook for the local market remaining optimistic, traders are eagerly anticipating new developments in the India-US trade talks and the forthcoming first quarter earnings reports. On the domestic front, attention was directed towards budget statistics and industrial performance data today. In corporate news, Axis Bank and Kotak Mahindra Bank emerged as the most significant decliners, each experiencing a decrease of over 2%. In contrast, Trent, BEL, and SBI were among the top performers, with their shares rising by 3.1%, 2%, and 1.8%, respectively.