FX.co ★ India Stocks Snap 7-Sessions of Gains

Equity markets in India experienced a decline of 187 points, or 0.2%, to 79,950 during Thursday's morning session, ending a seven-day streak of gains. This downturn was primarily due to losses in the real estate, financial services, and automotive sectors, as traders opted to lock in profits after the Sensex surpassed the 80,000 milestone for the first time since December. Despite this, an overnight rally on Wall Street, propelled by optimism about easing US-China trade tensions and dovish statements from the Reserve Bank of India's April meeting minutes—where interest rates were reduced by 35 basis points—helped mitigate further losses. Investors approached the session with caution ahead of crucial fourth-quarter earnings reports from major companies such as Tech Mahindra, Axis Bank, L&T Technology Services, and SBI Life Insurance, expected later in the day. The Nifty 50 also saw a decline of 0.2%, dipping below the 24,300 mark, with significant decreases in stocks including Mahindra & Mahindra (-1.0%), Bharti Airtel (-1.0%), ICICI Bank (-0.8%), and HCL Technologies (-0.5%).