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2026.01.2205:04:03UTC+00India Stocks Snap Three-Session Losing Streak

In morning trade on Thursday, the BSE Sensex climbed 505 points, or 0.6%, to reach a level of 82,414, effectively breaking a three-day losing streak. This uptick mirrored a rally on Wall Street overnight after US President Trump decided to outline a deal concerning Greenland and opted to retract from certain tariff measures. Investor sentiment received an additional boost from positive macroeconomic indicators cited in the Reserve Bank of India's latest "State of the Economy" report, released on Wednesday. The report highlighted sustained growth momentum despite global uncertainties. The market mood was further buoyed by impressive Q3 earnings results and progress on finalizing a free trade agreement between the European Union and India. In terms of economic data, India's infrastructure output showed a year-on-year growth of 3.7% in December, indicative of the government's initiatives to enhance infrastructure development as a means to propel economic growth. All sectors showed positive performance, with the auto sector leading the pack. Tata Motors saw a noteworthy rise of 3.3%, followed by Adani Ports at 3.0% and Tata Steel at 2.8%. Additionally, the stock of Eternal experienced a surge of over 7%, propelled by robust earnings growth.

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