10.09.202504:51:54UTC+00India Stocks Hit Over 2-Week High

Indian shares increased by 472 points, or 0.6%, reaching 81,573 in early trading on Wednesday. This marked the third straight session of gains, attaining the highest level in over two weeks. The upward movement was bolstered by optimism surrounding potential trade discussions between US President Donald Trump and Indian Prime Minister Narendra Modi. Additionally, the continuous positive effects of the GST reforms implemented on September 22 enhanced expectations for stronger domestic demand. The BSE Sensex mirrored advancements on Wall Street from the previous day, as underwhelming US employment figures heightened anticipations for potential interest rate reductions. Meanwhile, markets were keenly anticipating the US inflation report for August. Nonetheless, traders remained wary ahead of India's inflation data for August, which was expected to increase to 2.1%. All sectors traded positively, with notable advances in the tech, financial services, and banking industries. Leading gainers included HCL Technologies with a 2.2% rise, TCS and Tech Mahindra both climbing 1.9%, and Larsen & Toubro and Infosys each gaining 1.4%.