Sensex closes about 0.6% lower for fourth straight session
India’s BSE Sensex erased early gains to close about 0.6% down at 76,153 on Thursday, its lowest since July 24. Losses extended for the fourth session as oil prices rose and Middle East US-Iran strikes kept risk-off sentiment.
India’s BSE Sensex erased early gains to close about 0.6% down at 76,153 on Thursday, its lowest since July 24, extending losses for the fourth session.
Rising oil prices amid intense strikes between the US and Iran in the Middle East kept investors firmly in risk-off mode.
Market sentiment was tempered by a surge in foreign-currency deposits from non-resident Indians, with over $60 billion mobilised in the final 10 days of the RBI’s swap scheme, taking the total to about $136 billion.