FX.co ★ Sensex Ends Slightly Higher

India's BSE Sensex concluded Tuesday on a positive note, rising approximately 0.3% to settle at 83,712.5. This upward movement was primarily propelled by robust performances in the heavyweight financial and banking sectors. While the overall mood remained tentatively optimistic regarding a possible agreement, investors exercised patience, awaiting concrete advancements in the negotiations for the India-US trade deal. Notably, on the preceding Monday, the Trump administration commenced issuing formal notifications concerning the implementation of new tariffs on imported goods from several nations. India, however, is likely to negotiate an agreement with the US before the imposed deadline, potentially avoiding President Trump's proposed 27% "reciprocal" tariff. Within the Sensex index, 18 out of the 30 listed stocks closed with gains. Kotak Mahindra Bank led the index with a remarkable increase exceeding 3%, following the announcement of impressive growth in deposits and loans for the June quarter. Other significant performers included Eternal, Asian Paints, NTPC, Bharat Electronics, and Adani Ports. In contrast, Titan experienced a significant decline of over 6%, marking its steepest drop in 14 months, as a result of underwhelming sales during the June quarter.