23.10.202511:15:30UTC+00Indian Stocks Advance for 6th Day

India's BSE Sensex rose approximately 0.2% to close at 84,556 on Thursday, achieving its highest level since September 2024. This marks the sixth consecutive day of gains, driven by optimism surrounding a forthcoming US-India trade agreement and a robust corporate earnings season. Reports indicate that the United States and India are nearing the completion of a long-awaited trade agreement. This agreement may lead to a reduction in US tariffs on Indian goods to approximately 15–16%, down from the current 50%. As part of the accord, India has consented to a gradual decrease in its imports of Russian oil, while energy and agriculture are spotlighted as significant areas of focus in the discussions. On the corporate side, technology companies and financial sectors led the performance rally, with Infosys gaining over 3%. This gain comes in the wake of major shareholders and affiliated parties opting out of a significant 180 billion-rupee buyback, signaling their confidence in the company's future earnings potential.