India's BSE Sensex registered a rise of approximately 0.5% on Monday, closing at 84,951, the highest mark since October 29. This marks the index's sixth consecutive session of gains. Investor sentiment remains buoyant due to a robust earnings season, the potential for an India-US trade agreement, and anticipated interest rate cuts by the Reserve Bank of India. Additionally, the National Democratic Alliance's victory in the Bihar 2025 elections and the central bank’s relief measures for export-oriented sectors impacted by US tariffs have further bolstered the market. Leading the gains were companies such as Eternal, Maruti Suzuki India, Kotak Mahindra Bank, Mahindra & Mahindra, Tech Mahindra, Titan, and HDFC Bank, each increasing between 0.8% and 2%. Conversely, Tata Motors Passenger Vehicles fell sharply by nearly 5% after revising its full-year margin projections, despite a dramatic 2110% year-on-year increase in net profit, as weak performance from Jaguar Land Rover negatively impacted the results. Among the other notable decliners were Asian Paints, UltraTech Cement, and Bharat Electronics, each experiencing losses of up to 0.9%.
The material has been provided by - RobotFX.Org
Download NOW!
No comments:
Post a Comment