Sensex Slips on Firm Oil Prices

2026-05-05 04:19 By Jereli Escobar 1 min. read

India’s BSE Sensex fell about 0.3% to 77,031 on Tuesday, reversing gains from the previous session as elevated global crude oil prices weighed on investor sentiment and heightened concerns over inflation and the country’s import bill.

Oil prices surged following reports that Iran intensified attacks targeting the United Arab Emirates and vessels across the Middle East Gulf, including key routes near the Strait of Hormuz.

Meanwhile, investors remained attentive to corporate earnings due later in the day, with results from Larsen & Toubro and Mahindra & Mahindra expected to shed light on domestic demand conditions.

While stock-specific movements could offer some support, the broader market tone remained cautious amid persistent crude oil price pressures, inflation risks, and concerns over foreign fund outflows.

Notable laggards included KEI Industries (-4%), HDFC Bank (-1%), ICICI Bank (-1%), Cemindia Projects (-3.5%), and Godrej Properties (-2.8%).



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India’s BSE Sensex fell about 0.3% to 77,031 on Tuesday, reversing gains from the previous session as elevated global crude oil prices weighed on investor sentiment and heightened concerns over inflation and the country’s import bill. Oil prices surged following reports that Iran intensified attacks targeting the United Arab Emirates and vessels across the Middle East Gulf, including key routes near the Strait of Hormuz. Meanwhile, investors remained attentive to corporate earnings due later in the day, with results from Larsen & Toubro and Mahindra & Mahindra expected to shed light on domestic demand conditions. While stock-specific movements could offer some support, the broader market tone remained cautious amid persistent crude oil price pressures, inflation risks, and concerns over foreign fund outflows. Notable laggards included KEI Industries (-4%), HDFC Bank (-1%), ICICI Bank (-1%), Cemindia Projects (-3.5%), and Godrej Properties (-2.8%).
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