Sensex Finishes Sharply Lower
2026-03-09 11:47
By
Luisa Carvalho
1 min. read
India's BSE Sensex closed about 1.7% down at 77,566 on Monday, the lowest since April 2025, extending losses from the prior session, as intensifying Middle East tensions over the weekend pushed energy prices higher.
This raised fears of renewed inflationary pressures and a widening importing bill for India, which is one of the world's top oil importers, prompting further foreign outflows and broad-based selling across sectors.
Banking stocks saw heavy selling, with State Bank of India declining over 5%, and Axis Bank , ICICI Bank , and HDFC Bank falling between 3% and 4%.
Auto and industrial stocks fell also sharply, with Maruti Suzuki India falling 4.6%, and Larsen & Toubro down 2.8%.
Other heavyweights including Mahindra & Mahindra, UltraTech Cement, Tata Steel and Asian Paints declined between 2.9% and 5.4%, while airline InterGlobe Aviation (IndiGo) dropped 4%.