IndiciesSensex

Indian Stocks Extend Gains on Earnings Optimism

The BSE Sensex rose 373 points, or 0.5%, to 82,978 in morning trade on Thursday, gaining for the second straight session, supported by optimism over quarterly earnings and continued foreign inflows. The broader index touched its highest level since September 18, with nearly all sectors trading in the green, led by auto, financial services, and banking stocks. However, the rally was partially offset by slight losses in the tech sector, ahead of earnings reports from Infosys and Wipro, two of the country’s largest IT firms. Sentiment was further boosted by RBI Governor Sanjay Malhotra’s statement during the October 1 monetary policy review, which suggested strong GDP growth for the September quarter. Still, ongoing US-China trade tensions capped broader market gains. Among individual stocks, Axis Bank surged 2.5% following its Q2 results, followed by Titan (1.8%), Tata Motors (1.7%), Adani Ports (1.5%), and Mahindra & Mahindra (1.4%).

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