The SENSEX Index Closes 1.22% Higher

India’s BSE Sensex fell about 2% to 76,007 on Monday, reversing gains from the previous session and pressured by higher oil prices, after US-Iran peace talks failed to make progress, raising concerns over global growth and corporate profitability. Talks in Islamabad ended in a stalemate, while US President Trump said on Sunday that the US Navy would begin enforcing a blockade of the Strait of Hormuz, escalating geopolitical tensions and pushing oil prices higher. Foreign outflows reached $5.15 billion so far in April, though equity mutual fund inflows from domestic investors climbed to an eight-month high of $4.4 billion in March, helping to curb the market’s decline. On the macro front, India’s inflation data for March is due later today, with expectations of 3.48% from an eleven-month high of 3.21%. Financials, technology, and energy minerals led the losses, with Ola Electric (-4.1%), Cochin Shipyard (-2.2%), Reliance Industries (-2.7%), and HDFC (-2.5%) among the biggest losers.

India’s BSE Sensex rose 1.2% to close at 77,550 on Friday, halting losses from the prior day, in line with major peers. Despite a fragile ceasefire between the US and Iran, sentiment improved on hopes of positive negotiations between the two countries on Saturday. Among sectors, almost indices saw gains, indicating broad-based buying interest. Banking and financial stocks led the rally, alongside consumer discretionary. ICICI Bank, Axis Bank, SBIN, Bajaj Finance, Bajaj Finserv and HDFC Bank rose between 1.7%-3.2%. Other top performers included Asian Paints, Mahindra & Mahindra and IndiGo. The IT sector stayed under pressure as TCS fell 2.5% after reporting an annual revenue decline in FY2026, which outweighed a quarterly earnings beat, highlighting ongoing weakness in client spending and rising costs. Sun Pharma plunged 3.7% amid reports that the company has moved to the final stage of its proposed $12-billion acquisition of US-based Organon & Co. The index gained 5.8% this week.

The SENSEX Index went up by 934 points or 1.22 percent on Friday to close at 77565 points. The rise was led by Asian Paints (3.88%), ICICI Bank (3.18%) and Mahindra & Mahindra (3.13%).