Sensex Closes Higher
India’s BSE Sensex closed about 0.7% up at 72,382.5 on Monday, snapping a four-day losing streak, supported by easing oil prices and reduced concerns over a Fed rate hike at its October meeting. Meanwhile, foreign fund outflows continued, and investors braced for the upcoming RBI's policy decision later this week. FMCG, energy, financials and banking stocks saw increased buying. ITC was the top performer, climbing 4.5%, after Citigroup double-upgraded the stock to "buy" from sell". Bajaj Finance gained 2.3% after posting an 11% annual growth in new loans in the September quarter.
5 on Monday, snapping a four-day losing streak, supported by easing oil prices and reduced concerns over a Fed rate hike at its October meeting. Meanwhile, foreign fund outflows continued, and investors braced for the upcoming RBI's policy decision later this week. FMCG, energy, financials and banking stocks saw increased buying. 5%, after Citigroup double-upgraded the stock to "buy" from sell".
3% after posting an 11% annual growth in new loans in the September quarter.