Sensex Closes at 2-Month High
India’s BSE Sensex rose further to close about 1.6% firmer at 76,918 on Tuesday, its highest since early September, marking the fourth session fo gains. Solid corporate earnings and continued foreign investor interest offset concerns over rising geopolitical tensions and higher oil prices. Meanwhile, the US midterm elections remained in focus, with investors weighing their potential implications for fiscal policy, trade, and geopolitical tensions involving Iran. Sectoral performance was largely positive, with FMCG stocks leading the gains, supported by a 4.2% surge in Hindustan Unilever after Jefferies and Nomura maintained their Buy ratings following its strong quarterly performance. ITC also advanced 2.76%.
India’s BSE Sensex rose further to close about 1.6% firmer at 76,918 on Tuesday, its highest since early September, marking the fourth session fo gains. Solid corporate earnings and continued foreign investor interest offset concerns over rising geopolitical tensions and higher oil prices. Meanwhile, the US midterm elections remained in focus, with investors weighing their potential implications for fiscal policy, trade, and geopolitical tensions involving Iran.
Sectoral performance was largely positive, with FMCG stocks leading the gains, supported by a 4.2% surge in Hindustan Unilever after Jefferies and Nomura maintained their Buy ratings following its strong quarterly performance. ITC also advanced 2.76%.