17.09.202505:05:55UTC+00Sensex Hits Near Two-Month High

In Wednesday's morning trading, the BSE Sensex increased by 258 points, or 0.3%, reaching 82,639. This marks the second consecutive session of gains and the highest level since July 23, driven by positive sentiment surrounding the US-India trade discussions. Investors are also anticipating the outcome of the US Federal Reserve's monetary policy meeting, with expectations of a 25 basis point interest rate cut — the first since last December. Additionally, the easing US-China trade tensions contributed to the favorable atmosphere, following President Donald Trump's announcement of an agreement enabling TikTok's continued operations in the US. The Nifty 50 similarly experienced a 0.3% increase, trading above 25,300. In parallel, small-cap and mid-cap stocks advanced by 0.6% and 0.2%, respectively. Gains were predominantly seen in the technology, energy, and automobile sectors, with notable performances from companies such as UltraTech Cement (up 1.1%), Tata Motors (up 0.9%), Kotak Mahindra Bank (up 0.9%), Maruti Suzuki (up 0.9%), and Tata Consultancy Services (up 0.8%).