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.



News Stream
Sensex Closes Sharply Down
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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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.
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