Sensex Extends Losing Streak to Third Session
India’s BSE Sensex fell about 0.6% to 73,293 at Thursday’s open, extending losses for a third session as Brent crude above $110 a barrel fueled inflation concerns amid escalating Middle East tensions. Brent rose 1.3% to $110.30 after Houthi attacks in Saudi Arabia prompted the US to evacuate some diplomats and family members. RBI policymakers signalled further rate hikes may be needed but cautioned against aggressive tightening amid growth risks. Foreign investors bought?10.22 billion in Indian shares on Wednesday, while Jio Platforms’ $3.2 billion IPO was fully subscribed within hours. Among stocks, Eternal’s revenue beat estimates, but profit missed on higher Blinkit expansion costs, with faster growth expected from December. M & M Financial Services posted higher quarterly revenue and profit on strong disbursements, while Bharat Electronics secured?10.11 billion in new orders since October 13. Key laggards included HDFC Bank (-1.6%), L&T Tech (-3.6%), and Reliance (-1.0%).
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India’s BSE Sensex fell about 0.6% to 73,293 at Thursday’s open, extending losses for a third session as Brent crude above $110 a barrel fueled inflation concerns amid escalating Middle East tensions. Brent rose 1.3% to $110.30 after Houthi attacks in Saudi Arabia prompted the US to evacuate some diplomats and family members. RBI policymakers signalled further rate hikes may be needed but cautioned against aggressive tightening amid growth risks. Foreign investors bought?10.22 billion in Indian shares on Wednesday, while Jio Platforms’ $3.2 billion IPO was fully subscribed within hours.
Among stocks, Eternal’s revenue beat estimates, but profit missed on higher Blinkit expansion costs, with faster growth expected from December. M & M Financial Services posted higher quarterly revenue and profit on strong disbursements, while Bharat Electronics secured?10.11 billion in new orders since October 13. Key laggards included HDFC Bank (-1.6%), L&T Tech (-3.6%), and Reliance (-1.0%).