Sensex Snaps 4-Day Advance

India’s BSE Sensex closed marginally down at 78,180.7 on Tuesday, halting a four-day rally, as investors locked in gains late in the session ahead of the Fed minutes and amid rising oil prices.driven by renewed US-Iran tensions. Meanwhile, market sentiment was tempered by the return of foreign inflows, the improving monsoon's outlook and optimism around the earnings season. Among key movers, fashion retailer Trent plunged over 12% and led losses among stocks, after reporting softer-than-expected standalone revenue growth for the June quarter. Other notbale decliners included Adani Ports (-1.6%), Bharat Electronics (-1.6%), L&T (-1.2%) and Reliance (-1.1%). On the flip side, IT, consumer durables and FMCG shares saw increased buying interest. HCL Tech (3.1%), Tech Mahindra (2.8%) and Infosys (2.8%) all advanced solidly. Titan Company rose 2.6% after posting a strong first-quarter business update, citing healthy consumer demand, store expansion, and strong international growth.

The SENSEX Index decreased 207 points or 0.26 percent on Tuesday to close at 78078 points. The decline was led by Adani Ports (-1.79%), Tata Motors (-1.47%) and Larsen & Toubro (-1.34%). On the upside, the strongest performers were HCL Tech (3.16%), Tech Mahindra (2.88%) and Infosys (2.81%).

India’s BSE Sensex edged up about 0.2% to 78,412, marking a fifth consecutive session of gains, as continued foreign fund inflows and upbeat corporate business updates offset caution ahead of the June-quarter earnings season. Sentiment remained supported by sustained foreign portfolio investor inflows, with overseas investors net buyers for a fourth straight session, alongside easing crude oil prices and favourable monsoon progress. Stock-specific moves were in focus following pre-earnings business updates. Titan advanced 3.4% after reporting robust growth in its consumer business, driven by strong jewellery sales, while Jubilant FoodWorks gained 3.2% after posting higher consolidated revenue. On the downside, Trent fell 11.1% and came under pressure after its quarterly revenue growth came in below some market expectations. Other notable gainers were IOL Chemicals (18.9%), RITES (8.3%), and Ramco (6.3%), while the biggest losers included Kalyan (-6.8%), Apollo (-5.0%), and BSE (-3.8%).