Indian Equities Start Day Lower

2026-03-06 04:23 By Jereli Escobar 1 min. read

India’s BSE Sensex fell around 0.4% to 79,704 in morning trade on Friday, retreating from gains in the previous session as escalating geopolitical tensions in the Middle East lifted oil prices and dampened global risk appetite.

Crude prices surged to a 20-month high amid fears that the widening conflict could disrupt energy supplies and shipping routes in the region, raising concerns about renewed inflationary pressures and widening fiscal deficits.

However, the US issued a 30-day waiver permitting purchases of Russian crude cargoes already in transit, offering temporary relief to supply concerns.

Sectors posted losses, including financials, consumer durables, communications, and industrials.

Among early laggards were InterGlobe (-2.4%), Larsen & Toubro (-1.5%), ICICI Bank (-1.7%), HDFC Bank (-1.3%), and BSE Ltd (-0.6%).

In early trading, the index is down 2% for the week.



News Stream
Indian Equities Start Day Lower
India’s BSE Sensex fell around 0.4% to 79,704 in morning trade on Friday, retreating from gains in the previous session as escalating geopolitical tensions in the Middle East lifted oil prices and dampened global risk appetite. Crude prices surged to a 20-month high amid fears that the widening conflict could disrupt energy supplies and shipping routes in the region, raising concerns about renewed inflationary pressures and widening fiscal deficits. However, the US issued a 30-day waiver permitting purchases of Russian crude cargoes already in transit, offering temporary relief to supply concerns. Sectors posted losses, including financials, consumer durables, communications, and industrials. Among early laggards were InterGlobe (-2.4%), Larsen & Toubro (-1.5%), ICICI Bank (-1.7%), HDFC Bank (-1.3%), and BSE Ltd (-0.6%). In early trading, the index is down 2% for the week.
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Sensex Finishes on Higher Note
India's BSE Sensex gained ground to close about 1.1% up at 80,016 on Thursday, halting a four-day losing streak triggered by the Middle East crisis. Investor sentiment improved following reports that Iran may be willing to step away from its nuclear plans. According to the state-run Islamic Republic News Agency, Iran’s Deputy Foreign Minister said in earlier talks with Washington that Tehran could abandon its nuclear ambitions and was prepared to eliminate its uranium stockpiles in exchange for concessions. Still, volatility is set to continue in the coming days. Foreign institutional investor (FII) selling continued, reflecting broader global uncertainty. Among single stocks, Larsen & Toubro, Adani Ports, Reliance Industries and NTPC led the gains, each rising around 4-5%. Buying also intensified across metals, auto and energy stocks. Conversely, Tech Mahindra (-1.3%), HCL Technologies (-0.7%), Hindustan Unilever (-0.4%) and ICICI Bank (-0.4%) were among the top losers.
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