FX.co ★ Sensex Closes at 3-Month Highs

On Thursday, the BSE Sensex climbed by 1%, closing at over 83,460 points, while the Nifty 50 similarly advanced by 1% to close at 25,585, marking their highest levels in approximately three months. This upward trend was largely fueled by positive corporate earnings, which bolstered investor confidence. Nestlé India saw a significant rise of 4.8% following a report of increased quarterly profits. The banking sector experienced gains as well, with Axis Bank increasing by 2.3% after demonstrating improved operational performance, despite a larger-than-anticipated decline in profits. Other major players like HDFC Bank (+1.6%), ICICI Bank (+1.4%), and Reliance Industries (+1.8%) also ended the day with gains. Conversely, Infosys experienced a slight dip of 0.2% in anticipation of its quarterly results due to be released after market close. On the international front, President Trump indicated that Indian Prime Minister Modi has committed to ceasing purchases of Russian oil, though this has not yet been confirmed by New Delhi as discussions continue with US officials in Washington.