Sensex Continues Uptrend for Second Day

India’s BSE Sensex rose about 0.5% to 77,376 in early trading on Thursday, extending gains from the previous session, as easing crude oil prices and improving global risk sentiment supported investor appetite. Market sentiment was buoyed after Brent crude fell back to levels seen before the recent Iran-related supply concerns, reducing pressure on India’s import bill and inflation outlook. Financial stocks remained in focus after the RBI signaled that it was premature to discuss interest-rate hikes and introduced measures aimed at supporting liquidity. Investors also monitored corporate developments, including regulatory approval for ICICI Bank to raise its stake in its insurance unit and management changes at Life Insurance Corporation of India, which announced that its CFO would step down effective July 14. Among early gainers, Relaxo surged 12.9%, Ramco Systems gained 8.1%, and HFCL advanced 5.0%, while Mahindra & Mahindra and Shriram Finance rose 2.5% and 2.0%, respectively.

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