The SENSEX Index Closes 0.97% Lower

India’s BSE Sensex cut early deep losses but still closed about 0.9% down at 76,848 on Monday, as investor sentiment deteriorated amid renewed doubts about the Middle East ceasefire and a spike in crude oil prices. Weekend US-Iran talks ended without a deal, while the US announced a blockade of the Strait of Hormuz, heightening fears of a prolonged energy supply shock. All sectors saw declines, led by consumer discretionary, financials and tech companies. Auto stocks were the worst hit, with Maruti Suzuki falling 4.6% on higher oil prices and reports of Delhi’s draft EV policy proposing broad exemptions to curb air pollution. Bajaj Finance (-2.8%), InterGlobe Aviation (-2.8%), Tata Consultancy Services (-2.1%) and HDFC Bank (-2.%) were also among the biggest laggards. Reliance Industries fell 2.6% after the government raised export duty on diesel and aviation turbine fuel. The Indian stock market will be closed on Tuesday, April 14, on account of Dr Baba Saheb Ambedkar Jayanti.

The SENSEX Index dropped -756 points or 0.97 percent on Monday to close at 76795 points. Losses were led by Maruti Suzuki (-4.62%), Bajaj Finance (-2.93%) and Reliance Industries (-2.68%). Offsetting the fall, top gainers were ICICI Bank (1.85%), NTPC (1.62%) and Tata Motors (0.99%).

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.