Indian Stocks Inch Higher in Early Week Session
Indian stocks rose in early Monday trading, with the BSE Sensex up 121 points to 85,353, driven by tech and banking sectors. The Nifty 50 increased by 0.2%, and mid-cap stocks by 0.1%. Gains were supported by hopes of Fed rate cuts and progress on India-US trade deals. Tech stocks surged, with notable increases in Tech Mahindra, Infosys, HCL Technologies, and Tata Consultancy Services. Titan and HDFC Bank also saw gains. Traders are anticipating strong GDP data for the September quarter.
Stocks in India rose 121 points, or 0.1%, to 85,353 in early deals on Monday, halting losses from the previous session and buoyed mainly by gains in the tech and banking sectors.
The BSE Sensex tracked Friday’s rise on Wall Street amid hopes of Fed interest rate cuts next month.
Meanwhile, the Nifty 50 climbed 0.2%, while mid-cap stocks were up 0.1%.
Expectations of progress on India–US trade deals also continued to lift sentiment.
Traders anticipated the release of GDP data for the September quarter later this week, with economists and rating agencies expecting strong numbers.
Tech stocks surged 1.4%, supported by gains in Tech Mahindra (2.9%), Infosys (2.1%), HCL Technologies (1.7%), and Tata Consultancy Services (0.6%).
Other early gainers included Titan and HDFC Bank, both up 0.4%.
