Sensex Finishes at Near 6-Month Low
India’s BSE Sensex closed by 1.5% down at 72,772 on Monday, its lowest since early April, reversing the previous session's advance, amid broad-based selling. Investor sentiment weakened amid renewed geopolitical uncertainty and a sharp rebound in crude oil prices after US President Trump rejected Iran’s proposal to resolve the conflict and reopen the Strait of Hormuz. Elevated global yields and continued foreign outflows added further pressure. All sectors recorded losses, with weakness visible across banks, financial services, energy, autos, infrastructure and consumer stocks. L&T (-2.8%), Power Grid (-2.6%), Adani Ports (-2.4%), HDFC Bank (-2.3%), Hindustan Unilver (-2.3%), Reliance (-2.2%) and SBIN (-2.1%) were the major laggards.
5% down at 72,772 on Monday, its lowest since early April, reversing the previous session's advance, amid broad-based selling. Investor sentiment weakened amid renewed geopolitical uncertainty and a sharp rebound in crude oil prices after US President Trump rejected Iran’s proposal to resolve the conflict and reopen the Strait of Hormuz. Elevated global yields and continued foreign outflows added further pressure. All sectors recorded losses, with weakness visible across banks, financial services, energy, autos, infrastructure and consumer stocks.
1%) were the major laggards.