empty
 
 

11.11.202604:50:09UTC+00Sensex Holds Firm at 8-Month High

India’s BSE Sensex climbed 1.6% to 82,392 on Wednesday, extending its winning streak to a ninth straight session and holding at its highest level since late February. Sentiment was supported by softer crude oil prices and renewed foreign portfolio inflows.

Brent crude fell to $89.16 a barrel on Tuesday, its lowest level in two months. The decline eased concerns over India’s import bill and inflation outlook after US officials downplayed the likelihood of further military action against Iran, reducing fears of supply disruptions in the Middle East.

A rotation out of global technology and artificial intelligence stocks has also bolstered demand for Indian equities.

On the stock-specific front, Kalyan Jewellers jumped about 9.8% after the company reported a 64% year-on-year rise in second-quarter profit, alongside a 31.4% increase in revenue. Other notable gainers included ICICI Bank (up 1.4%), HDFC Bank (2.1%), State Bank of India (2.5%) and Mahindra & Mahindra (3.5%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback