Indian stock SENSEX suggests significant monthly rise

In Wednesday morning trading, BSE Sensexl rose 230 points (0.3%) to 81,677, breaking a record high for 4 consecutive days.

Ahead of today's first quarter financial results, which include heavy stocks such as Tata Steel, Maruti Suzuki, and Coal India, traders tried to maintain upward momentum while a rapid increase in net profit is expected for both Tata Steel and Maruti.

Also, statements from China raised sentiment. It is said that the government will strengthen policy support for the economy and focus on promoting consumption to expand domestic demand.

However, investors anticipated today's Fed monetary policy decision and suggested that interest rates would remain unchanged.

Early increases were Asian Paints (2.4%), NTPC (1.9%), and JSW Steel (1.8%).

Even so, as inflation eases, bargain hunting and the view that the Fed will cut interest rates by the end of this year were boosted, and the index rose by more than 3% monthly, making it the second consecutive month of rise.