Stocks in India Hit 8-week Low

India’s BSE Sensex fell about 0.4% to open at 73,954 on Tuesday, extending losses to a fifth straight session as investors remained cautious amid persistent foreign fund outflows, elevated crude oil prices, and uncertainty in the Middle East. Foreign institutional investors continued trimming exposure to Indian equities, weighing on benchmark, with net outflows reaching about $26.4 billion so far in 2026, already exceeding the record annual outflow of $18.91 billion in 2025. On the corporate front, investors tracked developments at Ola Electric following its qualified institutional placement, while NHPC remained in focus after announcing plans for a stake sale. Wipro also drew attention after agreeing to increase its stake in Aggne Global. Notable laggards included Wockhardt (-5.6%), NHPC (-4.4%), Rail Vikas (-3.1%), and Supriya (-7.9%). Meanwhile, technology stocks helped cushion the decline, with TCS (+3.4%), Infosys (+4.2%), LTM (+2.7%), and Hexaware (+5%) among the top gainers.

SENSEX decreased to 73945.00 Index Points, the lowest since April 2026. Over the past 4 weeks, SENSEX lost 3.89%, and in the last 12 months, it decreased 8.73%.

India’s BSE Sensex gave up early gains to close about 0.7% down at 74,267 on Monday, marking the fourth straight session of declines. Uncertainty over a potential US–Iran deal, ongoing Middle East tensions, and continued foreign outflows, weighed on sentiment. Investors also looked ahead to four-day India–US talks on an interim trade pact starting today, aimed at finalizing details of the framework agreed in February, while caution prevailed ahead of the RBI’s monetary policy decision later this week and key GDP data. Meanwhile, India's manufacturing sector recorded stronger growth in May, with final figures surpassing flash estimates. Most sectors saw losses, particularly FMGC stocks, financials and autos. Meanwhile, stocks in IT sector and metal sector witnessed buying. Hindustan Unilever, ITC, NTPC, M&M, Kotak Bank and Bajaj Finance were the top losers, down between 1.7%-2.8%. Tech Mahindra, Infosys and TCS were the standout performers, rising 3.8%, 3.7% and 2%, respectively.