20.08.202510:51:30UTC+00Sensex Extends Rally to 5th Day

On Wednesday, India's BSE Sensex rose by approximately 0.3%, closing at 81,857.8. This marks a new peak since July 24 and extends its upward momentum to five consecutive sessions. The rally was primarily driven by US-oriented IT stocks ahead of the Federal Reserve's Jackson Hole symposium. Additionally, consumer stocks continued their ascent, buoyed by expectations that reduced GST rates will stimulate demand and boost earnings. A potential 25-basis-point reduction in the Fed's interest rate next month is anticipated to bolster US economic growth and increase demand for Indian technology products. The market also benefited from robust domestic capital inflows, enhancing overall investor sentiment.