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Indices

Sensex Opens the Week with Modest Gains

India’s BSE Sensex rose about 0.3% to 74,982 on Monday, rebounding from losses in the last three straight sessions, as investors returned after a sharp foreign-led selloff tied largely to MSCI index rebalancing flows. Asian Paints and InterGlobe Industries led the advance, driving much of the benchmark’s early gains. Asian Paints rose around 2.1% after beating March-quarter profit expectations on the back of healthy decorative paints volumes, while InterGlobe advanced about 3% as brokerages reiterated positive views, citing improving passenger unit revenue guidance and attractive valuations despite a quarterly loss. Investors are now turning their focus to the RBI’s policy decision later this week, along with key economic indicators including GDP and PMI data. Other notable gainers were NMDC (+14.3%), Wockhardt (+12.1%), Saregama (+10.9%), Aditya (+9.4%), Olectra (+7%), and Apollo (+4.3%). On the downside, JSLL (-20%), JP Power (-7.5%), and NATCO (-6.3%) were the biggest decliners.

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