FX.co ★ Sensex Closes Almost Muted

Despite a volatile trading session on Wednesday, India's BSE Sensex closed nearly unchanged at 85,107 as investors exercised caution ahead of the Reserve Bank of India's policy announcement scheduled for Friday. The market was also affected by the weakening rupee, driven by ongoing foreign capital outflows and persistent trade uncertainties. Economic data revealed that the final Purchasing Managers' Index (PMI) indicated a slight downward revision in India’s private sector growth for November, although it still suggested a strong expansion. Among the notable decliners were Bharat Electronics, Mahindra & Mahindra, State Bank of India, Titan, and NTPC, posting losses of 2%, 1.8%, 1.8%, 1.8%, and 1.6%, respectively. Meanwhile, upward momentum was provided by ICICI Bank and TCS, both gaining 1.4%, along with HDFC Bank up by 1.1%, and Infosys and Axis Bank, each advancing by 1%.