FX.co ★ Sensex Snaps 5-Day Losing Run

On Monday, India's BSE Sensex reversed earlier losses to close 0.4% higher at 83,878, breaking a five-day streak of declines. This recovery was bolstered by improved investor sentiment following encouraging trade developments from the United States. Sergio Gor, the new U.S. Ambassador to India, announced that progress is being made on the India-U.S. trade agreement, with further discussions scheduled for Tuesday. Nevertheless, persistent foreign capital outflows and rising geopolitical tensions cast a shadow over market morale. Domestically, traders paid close attention to inflation data and anticipated earnings reports from major IT corporations, TCS and HCL Technologies. India's consumer inflation increased to 1.33% in December, up from 0.71% in the previous month, though falling short of the market's prediction of 1.50%. Among the leading equities, Tata Steel advanced by 2.7% due to bullish trends in the metals sector, followed by gains in Asian Paints (+2.6%), Trent (+1.9%), SBI (+1.5%), and Hindustan Unilever (+1.3%). Conversely, Bajaj Finance (-1.1%) and Infosys (-1%) were the largest decliners.