Indian Stocks Snap 3-Day Decline

2026-03-16 04:32 By Joshua Ferrer 1 min. read

India’s BSE Sensex rose 0.5% to around 74,900 on Monday, snapping a three-session losing streak, as hopes of easing energy supply worries offered temporary relief to markets rattled by Middle East tensions.

Reports showed that a coalition of countries is set to escort ships through the Strait of Hormuz, while two India-flagged LPG carriers safely crossed the chokepoint last week.

Foreign Minister Subrahmanyam Jaishankar said talks with Iran have yielded some results, though investors remain cautious for a more durable resolution.

Oil prices stayed above $100 a barrel, keeping inflation and growth concerns elevated and pressuring the rupee.

Among notable movers were Bajaj Finance (1.3%), State Bank of India (1.5%), Adani Power (2.4%), and JSW Steel (2%).

Meanwhile, technology stocks mostly weighed on the index.

Investors now await upcoming wholesale inflation and trade data for clues on the country’s economic health.



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