Sensex ends about 0.5% lower, at over 1-month low
India’s BSE Sensex closed Wednesday about 0.5% down at 76,570, its lowest level since July 24, extending losses for a third straight session.
India’s BSE Sensex ended about 0.5% down at 76,570 on Wednesday, its lowest level since July 24, extending losses for the third session.
Investors remained cautious as rising hostilities between the US and Iran continued to exert upward pressure on crude oil prices and global bond yields.
This raised expectations of energy-induced inflation and tighter monetary policies.
The US carried out overnight airstrikes on targets in Iran, prompting retaliation from Tehran in the most serious escalation of tensions between the two countries in weeks.