FX.co ★ India Stocks Hover at 2-Week High

The BSE Sensex surged by 545 points, or 0.7%, reaching 84,417 during early trading on Wednesday. This marked the third consecutive day of gains and the highest level in two weeks, fueled by optimism surrounding the India–US trade discussions. Contributing to the positive sentiment was progress in the US Senate towards resolving the government shutdown, alongside expectations of interest rate cuts by the Federal Reserve next month. On the domestic front, investors were keenly awaiting the release of October's inflation figures, with market forecasts suggesting a decline to 0.48%, the lowest since at least 2012. This development has strengthened anticipation of a rate cut in the upcoming monetary policy meeting. Additionally, exit polls from the Bihar Assembly elections provided a further boost to confidence, suggesting a likely victory for the incumbent National Democratic Alliance. The market saw most sectors trading positively, with notable gains in technology, automotive, banking, and financial services stocks. Leading the pack were IndusInd Bank with a 2.1% increase, Adani Ports up by 1.8%, TCS rising by 1.6%, Tech Mahindra gaining 1.4%, and Infosys increasing by 1.2%.