Sensex Closes Sharply Down

2026-05-11 11:08 By Luisa Carvalho 1 min. read

India’s BSE Sensex finished about 1.7% down at 76,015.3 on Monday, the lowest in over a month, marking the third straight session of losses.

Stranded US-Iran negotiations, rising crude oil prices, sustained foreign exchange outflows and Prime Minister Narendra Modi's austerity push triggered broad-based selling.

Consumer-linked stocks saw heavy selling after PM Modi’s call to curb fuel consumption, reduce unnecessary foreign travel and avoid non-essential imports such as gold.

Jewellery major Titan Company plunged nearly 7%, while Trent and Asian Paints fell 1.5% and 1.3%.

IndiGo slipped 4.7% on higher jet fuel costs.

Financial stocks also weakened, with State Bank of India down 4.5%, extending losses after a profit miss, and HDFC Bank, Bajaj Finance, and Bajaj Finserv declining 2.1%, 2%, and 1.2%.

TCS edged down 0.1% despite strong FY27 guidance and better-than-expected earnings.

Among top gainers, Sun Pharma and Hinustan Unilever stood out, rising 1.4% and 0.9%, respectively.



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