India’s Sensex edges up 0.3% after two sessions of losses

  • BSE Sensex recovered from two sessions of losses on Wednesday.
  • Sensex rose about 0.3% to 72,740, while foreign investors sold $1.04 billion.
  • Foreign investors’ September selling reached $2.7 billion, with year-to-date sales at $26.75 billion.

India’s BSE Sensex rose about 0.3% to 72,740 on Wednesday, recovering losses from the previous two sessions as easing oil prices and improving Middle East export activity supported sentiment. Uncertainty remained over the absence of a US-Iran peace agreement. Brent crude gained 1.1% to about $103.7 a barrel after a sharp decline in the prior session, while US Treasury yields fell as traders reduced bets on an October rate hike following comments from a Fed official that policymakers had time to assess incoming data. Power Mech Projects climbed about 3.8% after reportedly securing a 5.49 billion-rupee order from Adani Group’s Moxie Power Generation. TCS rose 1.8%, while HFCL and Sterlite Tech each gained 5.0%. Foreign investors sold 99.8 billion rupees, or $1.04 billion, of Indian equities on Tuesday, marking their largest one-day outflow in about four months. Their September selling reached $2.7 billion, while year-to-date net sales totaled $26.75 billion. The benchmark remained down about 5.6% for the month.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
India’s Sensex edges up 0.3% after two sessions of losses - CoinPost Terminal