Sensex drops about 0.6% to lowest since June 12
India’s BSE Sensex fell about 0.6% to 75,714, extending losses and hitting its lowest level since June 12. Rising oil prices and Middle East tensions weighed on sentiment.
6% to 75,714 on Tuesday, extending losses from the previous session and touching its lowest level since June 12. Rising oil prices and elevated Middle East tensions weighed on sentiment. Iran said further attacks on Tehran could trigger retaliation against US assets and put Gulf energy infrastructure, including US oil and gas interests, at risk. Brent crude traded around $97 a barrel as markets assessed the risk of a prolonged Middle East conflict and possible pressure on global supply.
Investors were also tracking liquidity conditions after the Reserve Bank of India withdrew more than 6 trillion rupees of excess liquidity from the banking system on Monday. India’s equity capital markets stayed active, with six IPOs due to launch on the same day this week in a potentially record-setting rush. 0%).