19.08.202511:12:04UTC+00Indian Stocks End at Near 1-Month High

India's BSE Sensex concluded Tuesday's trading session with a rise of approximately 0.5%, reaching 81,644.4, marking its highest level since July 24. This represents the fourth consecutive day of gains, primarily driven by the automotive sector. The market was positively influenced by ongoing optimism regarding Prime Minister Modi’s reductions in goods and services tax (GST), alongside indications of de-escalating geopolitical tensions between Russia and Ukraine. Within the Sensex, Tata Motors led the surge with a 3.6% increase, closely followed by a 3.2% rise in Adani Ports. Leading the index further was Reliance Industries, which advanced by 2.8% following the announcement that Reliance Consumer Products, a subsidiary of the larger conglomerate, had secured a majority stake in a joint venture with Naturedge Beverages. This strategic acquisition paves the way for Reliance's entry into the rapidly growing market for health-focused functional drinks. Gainers also included companies like Eternal, Tech Mahindra, Kotak Mahindra Bank, Hindustan Unilever, and Maruti. Conversely, Bajaj Finserv, Power Grid, Mahindra & Mahindra, BEL, and HCL Tech recorded the most significant declines, with downturns ranging from 0.5% to 1%.