FX.co ★ Sensex Snaps 2-Day Decline

India's BSE Sensex advanced by approximately 320 points, or 0.4%, to close at 81,633 on Thursday. This rise breaks a two-day downward trend, fueled by positive global sentiment following robust Nvidia earnings and a U.S. court's decision against a majority of former President Trump's reciprocal tariffs. Sectors focused on exports, such as IT and pharmaceuticals, benefited from the anticipated relief in trade tensions. Meanwhile, metals experienced gains, although consumer goods stocks faced slight pressure. On the domestic front, the market remained buoyant due to a favorable inflation outlook and projected strong GDP growth in the fourth quarter. IndusInd Bank's shares soared over 2% following a Securities and Exchange Board of India (SEBI) ruling prohibiting the bank's former CEO, Sumant Kathpalia, along with four senior officials, from engaging in securities markets due to alleged insider trading involving the bank's shares. Other notable gainers included Sun Pharma, Eternal, Adani Ports, and Tata Steel, which increased between 1% and 2%. Conversely, Bajaj Finance experienced a decline, likely due to profit-taking ahead of the ex-dividend date set for May 30, 2025.