21.08.202505:35:56UTC+00India Stocks Hit Near 4-Week High

On Thursday, the BSE Sensex climbed by 310 points, equivalent to a 0.4% increase, reaching 82,168 during early trading. This rise marks the sixth consecutive session of gains, pushing the index to its highest point since July 24. Most sectors experienced upward momentum, with notable gains in oil and gas, real estate, banking, financial services, and metals. Investor sentiment remained buoyant, largely due to optimism surrounding GST reforms. Additional momentum was provided by recent data indicating that India's private sector growth reached unprecedented levels, propelled by robust advancements in both manufacturing and services sectors, with the services sector achieving a particularly noteworthy expansion. Despite this optimism, gains were tempered by an underwhelming performance in the Wall Street session overnight, particularly within the tech sector. Investors remained cautious ahead of the Jackson Hole symposium, anticipating insights from Federal Reserve Chair Jerome Powell’s forthcoming address concerning the September monetary policy decision. Key early movers included Bajaj Finserv (up 1.5%), Larsen & Toubro (1.3%), Reliance Industries (1.2%), and ICICI Bank (1.0%).