FX.co ★ Sensex Ends on Cautious Note

India's BSE Sensex ended Monday's session nearly flat at 83,442.5 points. The index's modest movement was due to upward trends in consumer and oil & gas sectors being counteracted by downturns in financial and IT stocks. The market tone was cautious as investors awaited a potential limited trade agreement between India and the United States, alongside anticipated revisions in US tariff policies set for announcement by July 9. President Trump remarked on Sunday that the US is close to finalizing trade deals with multiple countries and that official information regarding new tariff rates will be released by July 9, with implementation commencing on August 1. He also indicated that any nations aligning with the BRICS alliance in ways perceived as opposing US interests would face an additional 10% tariff, without exceptions. Additionally, ongoing foreign capital outflows further impacted investor sentiment. On the individual stock front, Hindustan Unilever spearheaded gains with a 3% increase, closely followed by Kotak Bank, ITC, Asian Paints, Reliance, Adani Ports, and Trent, each rising by up to 1.1%. Conversely, Bharat Electronics and Tech Mahindra saw declines, falling by 2.4% and 2%, respectively.