Sensex Opens at 11-Month Lows
2026-03-12 04:23
By
Jereli Escobar
1 min. read
India’s BSE Sensex fell around 1.2% to 75,967 on Thursday, extending losses from the previous session and dropping to its lowest level since April 2025, following Iran’s attacks on oil tankers and vessels in the Persian Gulf which pushed oil prices higher and fueled market concerns.
Meanwhile, a strategic reserve release coordinated by the International Energy Agency aims to ease oil supply fears and help cap crude prices, offering relief to markets sensitive to energy import costs, while India has also secured additional crude shipments, including Russian barrels, to stabilize supply.
Most stock sectors traded in the red, led by financials, technology, and consumer stocks, while utilities were the only gainer.
Early laggards included Eternal Limited (-4.3%), Mahindra & Mahindra (-3.1%), ICICI Bank (-2%), Larsen & Toubro (-1.8%), and State Bank of India (-1.5%).