FX.co ★ Sensex at Near 1-Week High

India's BSE Sensex concluded the day with a notable increase of approximately 1.2%, reaching 85,609.5 on Wednesday. This marks its highest close in nearly a week, successfully ending a three-day losing streak thanks to widespread sector gains. The index was uplifted by positive global investor outlook, driven by mounting expectations of a potential US rate cut in December. Additional support came from foreign investments and indications from the Reserve Bank of India Governor about possible interest rate reductions in the upcoming week. Analysts expect strong domestic economic data, with GDP growth for the September quarter projected to be robust. Leading the gains were significant contributors such as heavyweight banks, financial institutions, technology firms, metal companies, and automobile manufacturers. Bajaj Finserv, Bajaj Finance, Reliance Industries, Sun Pharma, Tata Motors Passenger Vehicles, Tata Steel, Axis Bank, Infosys, and Tech Mahindra all recorded strong advances with increases between 1.7% and 2.5%. On the downside, Bharti Airtel fell by 1.6% and Asian Paints by 0.2%, marking the only losses in the session.