Sensex Hits Over 5-Month Low

India’s BSE Sensex fell about 1.3% to 72,942 on Monday, reversing gains from the previous session and hitting its lowest level since early April, as higher oil prices and persistent concerns over global yields and foreign outflows weighed on Indian equities. Oil prices climbed about 2% after a stalemate in US-Iran talks, raising concerns for India, one of the world’s major oil importers. On the data front, India’s industrial and manufacturing data for August are also due later in the day, with industrial production expected to ease to 6% from 6.7% in July, offering fresh clues on the strength of domestic economic activity. Among stocks in focus are Aequs after approving warrants worth up to 6.5 billion rupees, and Clean Max Enviro after reports that Augment India Holdings may sell a 7.25% stake through a block deal at a 10% discount. All sectors declined, with notable decliners including HDFC Bank (-1.8%), Reliance (-1.4%), NSE (-1.5%), and Hero Motors (-5.5%).