FX.co ★ Sensex Edges Higher in Choppy Session

In early trading on Tuesday, the BSE Sensex advanced by 77 points, or 0.1%, reaching 80,687, building on gains from the previous session. This upward movement was primarily driven by strengths in the auto, technology, and metal sectors. Despite the gains, the market experienced volatility as traders awaited domestic and US inflation figures for July, which are expected to influence upcoming central bank policy decisions. Anticipations are high that India's inflation rate for July could descend to a significant eight-year low of 1.76%, falling below the Reserve Bank of India's (RBI) tolerance band of 2% to 6% for the first time in over six years. This has sparked speculation about possible interest rate reductions in the RBI's forthcoming policy meeting. Meanwhile, investors were keeping a close watch on geopolitical developments, specifically regarding an anticipated meeting between US President Trump and Russian President Putin, which aims to negotiate a resolution to the conflict in Ukraine. Additionally, traders were looking forward to the Q1 earnings reports from several enterprises, including ONGC, which is expected to announce its results later today. Early top performers included Maruti Suzuki, rising by 2.6%, Mahindra & Mahindra with a 1.4% increase, and Tech Mahindra, up by 1.2%.