Sensex Opens Week Higher
2026-10-05 04:42
By
Jereli Escobar
1 min. read
India’s BSE Sensex rose about 0.9% to 72,546 on Monday, rebounding from four straight sessions of losses as easing oil prices and fading expectations of a US Federal Reserve rate hike lifted sentiment despite continued foreign outflows.
The index posted its eighth consecutive weekly decline last week, its longest losing streak in 25 years.
Weaker-than-expected US employment data further reduced expectations of an October Fed hike, with markets pricing in a 22% chance versus 64% a week earlier.
Financial stocks led gains, rising about 1.1%, with HDFC Bank up 1% after appointing Anup Bagchi as CEO for a three-year term and Bajaj Finance jumping 3.6% after reporting an 11% year-on-year increase in new loans booked in the second quarter.
Tata Motors gained 0.7% after JLR reported a 25.5% year-on-year rise in wholesale volumes despite a 7.5% drop in retail sales.
Meanwhile, Avenue Supermarts fell 0.7% despite an 18.4% increase in standalone revenue in the September quarter.