Sensex closes near three-month low on Middle East, oil pressure
India’s BSE Sensex finished about 0.7% down at 75,577.6 for a second losing session, last seen in June, as oil prices rose and Middle East hostilities escalated. ICICI Bank fell 2% and BEL rose 1.5%.
6 on Tuesday, a level last seen in June, marking a second straight session of losses. Continued strength in oil prices and escalating hostilities in the Middle East weighed on sentiment, while concerns remained over volatility tied to the new mechanism for setting closing prices. 1%. 2%.
5% after the government gave initial approval for about 11 billion of proposed military purchases.