The BSE Sensex climbed 342 points, or 0.4%, to 82,200 in Wednesday morning trade, rising for a second straight session, buoyed by a trade agreement between India and the EU. Significantly lower tariffs on most goods lifted market sentiment. The broader index tracked an upbeat session on Wall Street overnight as investors positioned for a pivotal earnings and policy week. However, traders also anticipated the Fed’s monetary policy decision after trading hours. Most sectors traded in the green, including financial services, technology, and banking stocks. Among individual stocks, Axis Bank rose 2.3%, while Adani Ports, Power Grid, and Reliance Industries gained 1.3% each. By contrast, the auto sector fell 0.9% amid concerns over tighter competition following India’s new trade deal, under which the EU agreed to slash car tariffs from 110% to 40%.
