Sensex Finishes on Negative Note

2026-06-03 10:35 By Luisa Carvalho 1 min. read

India’s BSE Sensex fell about 0.4% to settle at 74,346.2 on Wednesday, reversing Tuesday's gains, amid uncertainty surrounding US-Iran negotiations, a fresh spike in crude oil prices, and continued foreign outflows.

Rising hostilities have reignited fears that negotiations may take longer than expected or even break down, potentially prolonging energy disruptions.

At the same time, caution prevailed ahead of the RBI's upcoming policy decision.

On a brighter note, final PMI data showed India’s services sector growth accelerated to a six-month high in May, exceeding initial estimates.

Tech stocks witnessed heavy profit-taking after a rally in the past few sessions.

TCS led the losses, slipping 8.4%, followed by Tech Mahindra (-6.2%), HCL Tech (-5.3%) and Infosys (-3.8%).

Other notable losers included ITC (-2.2%), Eternal (-1.5%) and L&T(-1.2%).

On the upside, IndiGo outperformed, rising 1.6%, after India’s Cabinet approved a 100 billion rupee ($1.05 billion) fuel stabilisation fund.



News Stream
Sensex Finishes on Negative Note
India’s BSE Sensex fell about 0.4% to settle at 74,346.2 on Wednesday, reversing Tuesday's gains, amid uncertainty surrounding US-Iran negotiations, a fresh spike in crude oil prices, and continued foreign outflows. Rising hostilities have reignited fears that negotiations may take longer than expected or even break down, potentially prolonging energy disruptions. At the same time, caution prevailed ahead of the RBI's upcoming policy decision. On a brighter note, final PMI data showed India’s services sector growth accelerated to a six-month high in May, exceeding initial estimates. Tech stocks witnessed heavy profit-taking after a rally in the past few sessions. TCS led the losses, slipping 8.4%, followed by Tech Mahindra (-6.2%), HCL Tech (-5.3%) and Infosys (-3.8%). Other notable losers included ITC (-2.2%), Eternal (-1.5%) and L&T(-1.2%). On the upside, IndiGo outperformed, rising 1.6%, after India’s Cabinet approved a 100 billion rupee ($1.05 billion) fuel stabilisation fund.
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