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India Equities Extend Gains

The BSE Sensex rose 330 points, or 0.4%, to 83,917 in Monday morning trading, extending gains for a second straight session and hitting its highest level since January 8, following the interim India–U.S. trade framework. The benchmark tracked Wall Street’s rally on Friday, supported by expectations of Fed rate cuts and stronger US GDP growth prospects. Gains were led by banking stocks, with State Bank of India surging 6% to a new 52-week high after the public lender’s Q3 results beat expectations. Meanwhile, IndusInd Bank rose 2.5%, while Kotak Mahindra Bank gained 1.9%. Other sectors also advanced, including auto, pharmaceuticals, and healthcare, with Titan and Tata Motors climbing 1.7% and 1.4%, respectively. However, gains were capped by declines in technology stocks, despite the Nasdaq jumping 2.2% on Friday, with Power Grid slipping 0.6% and Infosys falling 0.5%

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