Sensex Finishes Lower
India’s BSE Sensex closed about 0.6% down at 73,249 on Thursday, the lowest in over a week, extending losses for the third session. Investor sentiment remained subdued amid concerns that persistently high crude oil prices could widen India’s import bill, fuel inflation and squeeze corporate margins. Meanwhile, RBI policymakers signalled further rate hikes may be needed but cautioned against aggressive tightening amid growth risks. Tempering market's mood, foreign investors turned net buyers and purchased equities worth bought 10.22 billion rupees on Wednesday, while Jio Platforms’ $3.2 billion IPO was fully subscribed within hours. Reliance Industries was the biggest laggard, falling 2.6%, amid profit-booking following a solid advance the day before. Eternal slipped 2.2% as it reported strong revenue growth and a sharp improvement in operating profitability in Q2 FY27, but its net profit fell short of analyst expectations.
India’s BSE Sensex closed about 0.6% down at 73,249 on Thursday, the lowest in over a week, extending losses for the third session. Investor sentiment remained subdued amid concerns that persistently high crude oil prices could widen India’s import bill, fuel inflation and squeeze corporate margins. Meanwhile, RBI policymakers signalled further rate hikes may be needed but cautioned against aggressive tightening amid growth risks. Tempering market's mood, foreign investors turned net buyers and purchased equities worth bought 10.22 billion rupees on Wednesday, while Jio Platforms’ $3.2 billion IPO was fully subscribed within hours.
Reliance Industries was the biggest laggard, falling 2.6%, amid profit-booking following a solid advance the day before. Eternal slipped 2.2% as it reported strong revenue growth and a sharp improvement in operating profitability in Q2 FY27, but its net profit fell short of analyst expectations.