Sensex closes near 3-month low, down about 1.1% to 74,764
India’s BSE Sensex extended early losses to close about 1.1% lower at 74,764 on Wednesday, the lowest since June, marking a third straight session of declines.
1% lower at 74,764 on Wednesday, its weakest close since June and a third straight session of declines. Rising tensions between the US and Iran in the Persian Gulf lifted oil prices and stoked concerns over global energy supplies and inflation, while continued foreign fund outflows hit sentiment. Selling was broad-based, with IT leading the decline even as metals outperformed the wider market.