FX.co ★ Indian Stocks Inch Higher in Early Week Session

In early trading on Monday, Indian stock markets saw an uptick, with the main index climbing by 121 points, or 0.1%, to reach 85,353, reversing some of the losses from the last session. This increase was primarily driven by advances in the technology and banking sectors. The BSE Sensex mirrored Friday’s positive movements on Wall Street, which were fueled by expectations of possible interest rate cuts by the Federal Reserve next month. The Nifty 50 index similarly increased by 0.2%, while mid-cap stocks registered a 0.1% rise. Investor sentiment remained high due to anticipated progress in trade negotiations between India and the United States. Market participants were also eagerly awaiting the release of GDP figures for the September quarter later this week, with strong results expected from economists and rating agencies. In the tech sector, stocks performed robustly, with Tech Mahindra jumping 2.9%, Infosys rising by 2.1%, HCL Technologies advancing 1.7%, and Tata Consultancy Services inching up by 0.6%. Among other early winners, Titan and HDFC Bank both posted gains of 0.4%.