Sensex Hits Five-Day Losing Streak
2026-05-13 04:30
By
Jereli Escobar
1 min. read
India’s BSE Sensex opened roughly 0.5% lower at 74,171 on Wednesday, marking its fifth consecutive sessions of losses, as markets remained volatile amid elevated crude oil prices, sustained foreign outflows, and geopolitical uncertainty linked to the Iran conflict.
Foreign portfolio investors have reportedly pulled $23.14 billion from Indian equities so far in 2026, surpassing the record level of selling seen in 2025.
Meanwhile, India’s April inflation rose slightly to 3.48% from 3.4% in March, below market expectations of 3.8%, though concerns over rising energy costs continue to cloud the economic outlook.
Among individual stocks, Tata Power fell 5% after reporting weak March-quarter results, weighed down by a 4.5% decline in profit driven by weakness in its hydro and thermal segments following a plant shutdown in Gujarat.
Other notable laggards were Kalyan Jewelleres (-5.6%), KEI (-1.7%), and Power Grid (-2.7%).
On the upside, Billionbrains (+4.3%), and Vedanta (+3.3%) posted gains.