Sensex Finishes Lower

India’s BSE Sensex closed about 0.3% down at 72,781.9 on Wednesday, reversing the prior session's rally, partly due to profit-booking. Meanwhile, market sentiment was pressured by the renewed increase in oil prices, geopolitical uncertainties and sustained foreign outflows. Foreign portfolio investors extended their selling streak to 13 sessions on Tuesday, taking year-to-date outflows to a record $32.52 billion. Investors also exerted caution ahead of US inflation data, while also monitoring the ongoing earnings season. Losses were recorded across several heavyweight stocks such as Bajaj Finance (-2.6%), Bajaj Finserv (-2%), M&M (-2.2%), Eternal (-1.7%) and ICICI Bank (-1.5%).