Sensex Trades Near 5-Week Low

India’s BSE Sensex fell about 1.3% to 76,306 on Monday, extending losses for a third straight session and hitting its lowest level since April 7, as escalating geopolitical tensions between the US and Iran drove crude oil prices sharply higher. The two countries failed to reach agreement on a peace proposal, reigniting fears of supply disruptions through the Strait of Hormuz. The financial sector remained under pressure, with BSE, HDFC Bank, and ICICI Bank falling between 0.7% and 1.4%, while State Bank of India dropped 3.9%. Jewellery and travel-linked stocks also declined after Prime Minister Narendra Modi urged citizens to curb travel and gold purchases amid the Iran war, with Titan Company down 7.4% and Kalyan Jewellers falling 9.7%. On the upside, Tata Consumer Products shares climbed about 6.3% after forecasting double-digit revenue growth in fiscal 2027 and beating March-quarter profit estimates, supported by steady demand for staples such as tea and salt.

SENSEX decreased to 76258.00 Index Points, the lowest since April 2026. Over the past 4 weeks, SENSEX lost 0.69%, and in the last 12 months, it decreased 7.41%.

India’s BSE Sensex closed about 0.7% down at 77,328 on Friday, marking the second day of losses, as investor caution rose amid renewed US–Iran hostilities that pushed oil prices higher and ongoing corporate earnings. The US and Iran reportedly exchanged fire in the Middle East, although both sides downplayed the incident. President Trump insisted the truce remained in effect as Washington awaited Tehran’s response to a new peace proposal. Banking and financial stocks remained under pressure, while gains in IT and consumer-focused stocks helped limit losses. State Bank of India (SBI) dropped 6.6% after its quarterly earnings release failed to impress investors. Profits grew yoy in Q4FY26 but came in below analyst expectations. Banking peers such as HDFC Bank (-1.8%), Axis Bank (-1.8%) and ICICI Bank (-1%), all declined. On the upside, Titan Company climbed 4.8% and led gains, after reporting a more than 35% jump in consolidated net profit. For the week, the index logged a 0.5% gain.