Indian Stocks Retreats

2026-06-03 04:40 By Jereli Escobar 1 min. read

India’s BSE Sensex fell about 1.2% to 73,765 at the open on Wednesday, reversing the previous session’s gains as escalating Middle East tensions lifted oil prices and weighed on risk sentiment.

Concerns over stalled US-Iran diplomatic progress and renewed regional hostilities pushed Brent crude up about 1.1% to near $97 per barrel, pressuring the oil-importing nation.

Foreign investor selling remained a key drag, with overseas funds offloading Indian equities worth $877.91 million in the previous session, marking a third straight day of net outflows.

Investors also awaited India’s final HSBC Composite and Services PMI data for May, due later in the day, with forecasts of 58.1 and 59, respectively.

Technology stocks led the decline, falling about 3.7% after overnight weakness in global software shares, with LTM (-6%), TCS (-6%), Tech Mahindra (-5%), Coforge (-4%), Infosys (-3.8%), and HCL (-3.3%) among the biggest losers.



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Indian Stocks Retreats
India’s BSE Sensex fell about 1.2% to 73,765 at the open on Wednesday, reversing the previous session’s gains as escalating Middle East tensions lifted oil prices and weighed on risk sentiment. Concerns over stalled US-Iran diplomatic progress and renewed regional hostilities pushed Brent crude up about 1.1% to near $97 per barrel, pressuring the oil-importing nation. Foreign investor selling remained a key drag, with overseas funds offloading Indian equities worth $877.91 million in the previous session, marking a third straight day of net outflows. Investors also awaited India’s final HSBC Composite and Services PMI data for May, due later in the day, with forecasts of 58.1 and 59, respectively. Technology stocks led the decline, falling about 3.7% after overnight weakness in global software shares, with LTM (-6%), TCS (-6%), Tech Mahindra (-5%), Coforge (-4%), Infosys (-3.8%), and HCL (-3.3%) among the biggest losers.
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Sensex Breaks 4-Day Losing Run
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