Sensex Holds Lower for Second Day

India’s BSE Sensex fell about 0.3% to 76,466 on Tuesday, extending losses for a second day despite easing crude oil prices and broadly supportive global cues. Meanwhile, HDFC Bank was in focus after appointing Rajiv Kumar as part-time chairman and Puneet Sharma as chief financial officer, effective Dec. 1, as part of a management reshuffle following the previous chairman's unexpected resignation earlier this year. Investors also tracked company-specific news, with Sterling and Wilson Renewable Energy shares gaining 1.2% after the company secured a $560 million solar project in Egypt, while Jagsonpal Pharmaceuticals surged 12.9% following reports that it had agreed to acquire an 85% stake in Aequitas Healthcare. Early losers included Genus Power (-7%), RR Kabel (-6.2%), Eicher Motors (-5.3%), Infosys (-2.6%), and TCS (-2.4%), while the top performers were Saksoft (8.9%), Ola Elec (7.5%), and Ramco (6.8%).

India’s BSE Sensex weakened and closed about 0.5% down at 76,728.4 on Monday, snapping a two-day advance. Traders turned cautious after a weekend flare-up in US–Iran tensions lifted oil prices, before both sides agreed to halt attacks and resume negotiations. Also, concerns over a weak monsoon and the upcoming earnings season, weighed on sentiment. On a brighter note, persistent foreign institutional investor (FII) selling has eased, although buying remains modest. Selling pressure was particularly visible in automobile, banking and IT stocks. Kotak Mahindra Bank underperformed, dropping 3.2% after CEO and Managing Director Ashok Vaswani said he will not seek reappointment when his term ends on December 31, 2026. Mahindra & Mahindra and Maruti also posted notable losses, falling over 2% each, on concerns that a weak monsoon could dampen demand for agricultural and related vehicles. By contrast, top gainers included Eternal, Trent, BEL and NTPC, up more than 1% each.

The SENSEX Index fell 362 points or 0.47 percent on Monday to close at 76739 points. Leading the losses are Kotak Mahindra Bank (-2.93%), Mahindra & Mahindra (-2.46%) and Tata Motors (-2.24%). Top gainers were Eternal Limited (1.19%), Power Grid (1.04%) and Bajaj Finance (0.77%).