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28.11.202505:12:52UTC+00India Shares Set to Log Fourth Straight Monthly Gains

The BSE Sensex climbed by 208 points, or 0.2%, reaching 85,929 during Friday morning trading, marking its third consecutive day of gains. This upward momentum is fueled by anticipation of potential interest rate reductions from both the Federal Reserve and the Reserve Bank of India in the upcoming month. The broader market showed slight advancement as traders eagerly awaited the GDP figures to be announced after trading hours. Markets experienced consolidation after both major indices surged to record intraday highs in the previous session. On Thursday, the Nifty and Sensex rose by up to 0.4% and 0.5%, reaching unprecedented levels of 26,310.45 and 86,055.86, respectively, before ending the day relatively unchanged, as foreign investors opted to secure profits. Expectations for GDP growth remain optimistic, predicted to sustain robust growth at 7.3% for the September quarter, primarily driven by strong domestic demand. Leading the gains were auto, metal, and pharmaceutical stocks, with significant contributions from Mahindra & Mahindra (1.9%), Reliance Industries (0.9%), Kotak Mahindra (0.9%), and Tech Mahindra (0.9%). For the week, the index is set to record a 0.8% increase and appears poised for a fourth consecutive monthly rise.

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