The SENSEX Index Closes 0.24% Lower

India’s BSE Sensex finished about 0.3% down at 77,018 on Tuesday, reversing the prior session’s advance amid profit booking after election-driven gains. Latest results indicate a landslide win for Prime Minister Narendra Modi’s Hindu nationalist party in West Bengal, a large and politically significant state in eastern India. However, market sentiment was dented by elevated crude oil prices, sustained foreign outflows and continued global uncertainty. Investors also tracked ongoing March-quarter earnings. Mahindra & Mahindra was the top performer, rising 3.4%, after beating quarterly profit expectations on strong SUV, tractor demand. UltraTech Cement added 1.6%, while financial stocks such as Bajaj Finserv and Bajaj Finance, rose 1.1% and 0.8%, respectively. On the flip side, ICICI Bank (-1.5%) and Eternal (-1.4%) posted the biggest losses. L&T shed 1.1% ahead of results. Other laggards included Tech Mahindra (-1.3%), Axis Bank (-1.2%) and Bharti Airtel (-1.1%).

The SENSEX Index fell 182 points or 0.24 percent on Tuesday to close at 77087 points. Leading the losses are Eternal Limited (-1.85%), ICICI Bank (-1.57%) and Tech Mahindra (-1.39%). Top gainers were Mahindra & Mahindra (3.68%), UltraTech Cement (1.54%) and Bajaj Finserv (1.22%).

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%).