Sensex Finishes Lower

2026-04-28 10:44 By Luisa Carvalho 1 min. read

India’s BSE Sensex closed about 0.5% down at 76,887 on Tuesday, reversing Monday's advance, amid continued foreign institutional investor (FII) selling, mixed earnings, elevated crude oil prices, and ongoing geopolitical uncertainty.

Banking stocks came under pressure after the RBI finalized its Expected Credit Loss (ECL) provisioning framework.

The new guidelines, effective April 1, 2027, require banks to shift from an incurred-loss model to a forward-looking approach, where they set aside provisions based on expected stress in loan portfolios instead of waiting for defaults to happen.

State-owned banks are likely to be more affected than private lenders, which already maintain more conservative provisioning and contingency buffers.

Axis Bank dropped 2.7%, SBIN fell 1.9%, ICICI Bank was down 1.8% and HDFC Bank shed 1%.

Meanwhile, Maruti Suzuki dropped 2.5% after posting a quarterly profit drop.

Oil & gas stocks advanced, tracking firm crude prices, while metal stocks saw mild gains.



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Sensex Finishes Lower
India’s BSE Sensex closed about 0.5% down at 76,887 on Tuesday, reversing Monday's advance, amid continued foreign institutional investor (FII) selling, mixed earnings, elevated crude oil prices, and ongoing geopolitical uncertainty. Banking stocks came under pressure after the RBI finalized its Expected Credit Loss (ECL) provisioning framework. The new guidelines, effective April 1, 2027, require banks to shift from an incurred-loss model to a forward-looking approach, where they set aside provisions based on expected stress in loan portfolios instead of waiting for defaults to happen. State-owned banks are likely to be more affected than private lenders, which already maintain more conservative provisioning and contingency buffers. Axis Bank dropped 2.7%, SBIN fell 1.9%, ICICI Bank was down 1.8% and HDFC Bank shed 1%. Meanwhile, Maruti Suzuki dropped 2.5% after posting a quarterly profit drop. Oil & gas stocks advanced, tracking firm crude prices, while metal stocks saw mild gains.
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