Sensex Falls for Third Straight Session

India’s BSE Sensex opened about 1% lower at 76,927 on Friday, marking a third straight session of losses as sentiment remained weighed by rising crude oil prices and a cautious revenue outlook from Infosys. Brent oil holding above the $100–$106 per barrel range continues to fuel inflation concerns and risk aversion. Infosys’ shares fell 3.6% in early trade after weaker-than-expected revenue growth guidance added pressure on the IT sector, overshadowing its otherwise strong quarterly performance. Moreover, LTM shares also fell 4.4% after edging past Q4 revenue estimates on broad-based growth offsetting BFSI weakness, while Cyient missed profit forecasts due to one-time charges and higher costs, Rolex Rings approved a buyback of up to INR 1.80 billion, and Mahindra Logistics posted a six-fold sequential rise in Q4 profit. Other laggards included Waaree Energies (-3.2%), Data Patterns (-5.6%), and HCL Tech (-4.2%), while notable gainer was Inventurus Knowledge Solution (+4.5%).

India’s BSE Sensex finished about 1.1% down at 77,664 on Thursday, marking the second session of losses, pressured by elevated crude prices amid continued geopolitical tensions and stalled US-Iran negotiations. At the same time, foreign outflows continued for a second day. Sentiment was further dampened after HSBC downgraded Indian equities to “underweight,” citing risks to growth and demand in an import-reliant economy. Meanwhile, attention was also on the ongoing earnings season. Sectoral performance was broadly negative, with banking, tech, retailers and autos among the hardest hit. On the other hand, defensive sectors and capital goods advanced. Trent was the worst performer, down 4.2%, even after strong Q4 results beat as brokerages flagged concerns on fund-raise, demand outlook. M&M (-3.3%), Bajaj Finserv (-2.9%), Tech Mahindra (-2.9%); Infosys (-2%) and HDFC Bank (-1.9%) also posted steep losses. Conversely, Adani Ports (1%), L&T (0.8%) and Sun Pharma (0.6%) advanced the most.

The SENSEX Index fell 852 points or 1.09 percent on Thursday to close at 77664 points. Leading the losses are Tech Mahindra (-3.12%), Bajaj Finserv (-3.07%) and Infosys (-2.96%).