09.02.202605:19:56UTC+00India Equities Extend Gains

The BSE Sensex advanced 330 points, or 0.4%, reaching 83,917 during Monday morning trading. This marked a continuation of positive momentum for a second consecutive session, achieving its highest level since January 8, driven by the interim India-U.S. trade framework. The benchmark index mirrored Wall Street's rally from Friday, buoyed by anticipated Federal Reserve interest rate cuts and optimistic U.S. GDP growth forecasts. The gains were predominantly influenced by banking stocks, with State Bank of India climbing 6% to a new 52-week high after surpassing expectations in its Q3 results. IndusInd Bank and Kotak Mahindra Bank also showed strong performance, rising by 2.5% and 1.9%, respectively. Other sectors, such as automotive, pharmaceuticals, and healthcare, experienced upward movement, with Titan and Tata Motors increasing by 1.7% and 1.4%, respectively. However, the overall gains were moderated by declines in technology stocks, as demonstrated by Power Grid slipping 0.6% and Infosys declining 0.5%, even though the Nasdaq had surged 2.2% on Friday.