FX.co ★ Sensex Ends at Near 2-Month High

India's BSE Sensex concluded Wednesday with a notable increase of 0.6%, reaching a peak of 85,186.5, the highest since September. This recovery followed losses from the previous day, supported by renewed foreign investments and optimism surrounding a prospective India-US trade agreement. Hopes for this trade accord were bolstered when India's Commerce Secretary Rajesh Agrawal indicated that the two nations were nearing the completion of reciprocal tariffs for the initial phase of a comprehensive pact. Commerce and Industry Minister Goyal expressed optimism on Tuesday, asserting that positive developments on this long-anticipated deal would materialize once it is deemed "fair, equitable, and balanced." As investors remained cautious, they also awaited Nvidia's quarterly earnings report and the release of the Federal Open Market Committee minutes later in the day. The prevailing positive sentiment particularly benefited the IT sector, with HCL Technologies leading the rally with an impressive 4.3% increase. This was closely followed by Infosys, which saw a 3.8% rise after announcing a 180-billion-rupee share buyback commencing on November 20. Other significant gainers included TCS, Hindustan Unilever, Sun Pharma, Titan, and Tech Mahindra.