The SENSEX Index Closes 1.27% Lower

India’s BSE Sensex closed about 1.3% lower at 76,664 on Friday, the third day of losses, pressured by higher oil prices amid the Middle East standoff, sustained foreign outflows and weakness IT stocks. Selling pressure was broad-based across sectors, but remained centered on IT stocks. The IT sector plunged over 5%, dragged by Infosys (-7.1%) and HCLTech (-5.8%) after both companies reported revenue growth guidance despite solid fourth-quarter results. Tata Consultancy Services (-4.8%) recorded its first annual revenue dip in over 20 years. Pharma and FMCG stocks also saw increased pressure. Meanwhile, JP Morgan has downgraded Indian equities to “neutral” from “overweight”, pointing to high valuations and earnings headwinds tied to energy shocks following the Iran war. For the week, the index declined 2.3%.

The SENSEX Index decreased 984 points or 1.27 percent on Friday to close at 76680 points. The decline was led by Infosys (-6.87%), HCL Tech (-5.86%) and Tata Consultancy (-4.79%).

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%).