16.09.202510:53:17UTC+00Sensex Ends on Higher Note

On Tuesday, India's BSE Sensex advanced by approximately 0.7%, closing at 82,381 - a level not observed since July 23, effectively reversing the previous day's downturn. The gains were widespread, buoyed by optimism surrounding US-India trade discussions and anticipation of an imminent rate cut by the US Federal Reserve. Chief negotiators from both countries are convening today to evaluate progress on the proposed bilateral trade deal. Meanwhile, the market has fully anticipated a 25 basis point interest rate cut by the Fed on Wednesday, a move likely to draw foreign portfolio investments. The auto and consumer durable sectors notably outperformed, fueled by the anticipation of new GST rate implementations and an increase in demand during the festive period. Leading the stock gains were Kotak Bank, M&M, L&T, Bharti Airtel, and Maruti Suzuki. Conversely, Asian Paints and Bajaj Finance were the only stocks to record losses.