12.09.202504:55:26UTC+00Sensex Poised for 2nd Consecutive Weekly Rise

In India, equity markets advanced by 182 points, or 0.2%, reaching 81,731 in early trading on Friday. This upward movement marks the fifth consecutive session of gains, propelling the markets to their highest point since August 21. The BSE Sensex followed the overnight surge seen on Wall Street, driven by optimism surrounding possible interest rate cuts by the Federal Reserve at its upcoming meeting. Positive sentiment was also fueled by renewed hopes for trade discussions between U.S. President Donald Trump and Indian Prime Minister Narendra Modi. Nevertheless, investors remained cautious as they awaited India's inflation data for August, set to be released later today. Market forecasts suggest an increase to 2.1%, which remains within the Reserve Bank of India's tolerance range of 2–6%. The majority of sectors experienced gains, with metals and technology leading the rise. Notable performers included Axis Bank, Infosys, Tata Motors, Larsen & Toubro, and Maruti Suzuki, with shares increasing by 1.5%, 1.4%, 1.4%, 1.2%, and 1.2% respectively. Over the week, the index is poised to achieve a 1.3% rise, marking its second successive weekly gain, buoyed by ongoing reforms to the Goods and Services Tax (GST).