India's BSE Sensex closed about 0.7% up at 84,778.8 on Monday, the highest since September 2024, rebounding after Friday’s pause in a six-session winning streak. Market sentiment was supported by US-China trade optimism and expectations of a rate cut by the Federal Reserve, which usually make emerging markets such as India more attractive for capital flows. Sustained foreign inflows and improving domestic fundamentals also contributed to the positive mood. The Indian Finance Ministry said in its September economic report that India's growth outlook for the current fiscal year remains strong, supported by domestic demand, a favorable monsoon, lower inflation and the recently introduced GST rate cuts. On equities, Reliance Industries and Bharti Airtel gained over 2% each, while SBI, HCL Tech, Tata Steel, and HDFC Bank also contributed to the upmove. However, Kotak Mahindra Bank fell the most, down 1.8%, after reporting an 11% decline in consolidated net profit for the September quarter.