FX.co ★ Indian Markets Rebound, Ending 6-Day Losing Streak

On Monday morning, Indian equities experienced an uptick as they rose by 319 points, equivalent to 0.4%, reaching 80,745. This increase marked an end to a six-day losing streak, buoyed primarily by the pharmaceutical, tech, and banking sectors. Pharmaceutical stocks saw a 0.9% increase after the White House announced that countries with existing trade agreements with the US would not face pharmaceutical tariffs. The BSE Sensex reflected a positive trend following an upbeat session on Wall Street on Friday, as investors responded favorably to an inflation report that aligned with expectations. Attention is now on India's industrial output data for August, which is set to be released later today, with the market anticipating a 5% increase—potentially the strongest growth seen in seven months. However, substantial investor attention is directed towards the Reserve Bank of India's forthcoming monetary policy decision, alongside critical Chinese PMI and US employment data slated for release later in the week. The day's notable early gainers included Pharmaceutical (1.7%), Titan (1.4%), IndusInd Bank (1.3%), Bajaj Finance (1.3%), and Tata Steel (1.2%).