India Sensex edges higher as Iran sanctions loom

India’s BSE Sensex edged up about 0.2% to 77,671 on Monday, following a muted performance in the last session, although investors remained cautious ahead of fresh US sanctions on Iran and continued to monitor elevated crude oil prices.

Investors were also awaiting comments from US Treasury Secretary Scott Bessent, who was due to hold a press conference later on Monday after threatening to impose what he described as the “toughest sanctions in history” on Iran.

Among stocks in focus, energy stocks could remain in focus after India’s downstream regulator approved about 1,800 km of LPG pipelines, involving a $731.49 million investment.

Meesho could see activity as Y Combinator may sell up to a 1.05% stake in a $100.32 million block deal.

Lenskart Solutions could also be in focus as SoftBank may sell up to a 2.6% stake in a $300 million block deal at a 4% discount to Friday’s close.

Early gainers included Vishal (8.9%), Shanti Gears (15.1%), Welspun Corp (2.1%), and Muthoot (4.6%).