Bharath Rajeswaran

India's benchmark stock indexes inched higher on Monday, led by information technology shares on rising expectations of a Federal Reserve rate cut in December.

Indian shares rose on Monday, with mid-caps hitting a record high, as investors heralded a recovery in earnings after the September-quarter results wrapped up without any major disappointments.

Goldman Sachs upgraded India to "overweight" from "neutral", reversing its October 2024 downgrade, citing strengthening earnings momentum and policy tailwinds supporting growth.

Indian shares fell on Thursday as investor sentiment cooled after Federal Reserve Chair Jerome Powell raised doubts over a December rate reduction following a 25-basis-point cut, while caution over the U.S.-China deal weighed on other Asian markets.

India shares rose on Monday, tracking their Asian peers, as optimism over signs of progress in U.S.-China trade talks lifted sentiment, while soft U.S. inflation data boosted bets for additional Federal Reserve rate cuts this year.

Indian automakers are likely to see double-digit profit growth in the September quarter, according to brokerages, driven mostly by demand for two-wheelers and tractors, with improvement in the passenger vehicle segment set to reflect in December.

Indian benchmarks notched their fourth straight week of gains on Friday, their longest winning streak in 2025 so far, fuelled by stable quarterly earnings, strong festival season sales and easing global trade tensions.

India's equity benchmarks reversed early losses on Friday, pushing Nifty 50 to a one-year high, as gains in Reliance Industries ahead of its results outweighed losses in Infosys and Wipro, which fell on margin concerns despite robust earnings.

India's equity benchmarks rose to more than three-month highs on Thursday, led by Nestle's India unit and Axis Bank after their earnings, while rate-sensitive sectors rallied on growing expectations of monetary easing.

India's equity benchmarks fell for a second straight session on Tuesday dragged by financial stocks, though they outperformed most Asian peers as U.S.-China trade tensions dampened risk appetite.