FX.co ★ India Shares Rise to Near 3-Month High

India's stock market advanced by 661 points or 0.8%, reaching 78,630 during the morning trading session on Tuesday. This marks the seventh successive session of gains and the highest levels recorded since early January. The rally was primarily driven by impressive performances within the technology, financial services, and banking sectors. The BSE Sensex's positive momentum mirrored the upbeat sentiment on Wall Street, fueled by optimism that the Trump administration might opt for a more targeted tariff strategy, thereby alleviating tariff-related concerns. The technology sector recorded a 2% increase, benefiting from Wall Street's tech stock gains, with notable performers including Infosys, which rose by 2.2%, followed by HCL Tech at 2.1% and Tata Consultancy Services at 1.8%. Consistent foreign fund inflows and robust domestic economic data further bolstered investor sentiment. Similarly, the Nifty 50 index experienced its seventh day of advancement, rising by 0.8% to surpass the 23,800 mark, with significant contributions from UltraTech Cement increasing by 2.7%, Bajaj Finserv by 2.4%, and Bajaj Finance by 1.5%.