Sensex Suffers Worst Decline in Over 3 Months

2026-07-08 10:55 By Luisa Carvalho 1 min. read

India’s BSE Sensex weakened further and closed about 2.2% lower at 76,504 on Wednesday, notching its biggest daily decline since March 30, after escalating tensions in the Middle East pushed oil prices even higher.

US President Trump has said that the ceasefire with Iran is "over" after Washington launched strikes on the country overnight following alleged Iran's attacks on three ships in the Strait of Hormuz.

The latest developments reignated worries over energy supplies and inflationary pressures.

Meanwhile, investors remained cautious ahead of the Fed's June meeting minutes and the start of the earnings season, with Tata Consultancy Services due to report results on Thursday.

All major sectoral indices ended lower.

InterGlobe Aviation (-5%), Maruti (-4.1%), Hindustan Unilever (-3.4%), Bajaj Finance (-3.1%), Kotak Mahindra Bank (-2.9%),Mahindra & Mahindra (-2.9%) and ITC (-2.9%) were the major laggards.



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Sensex Suffers Worst Decline in Over 3 Months
India’s BSE Sensex weakened further and closed about 2.2% lower at 76,504 on Wednesday, notching its biggest daily decline since March 30, after escalating tensions in the Middle East pushed oil prices even higher. US President Trump has said that the ceasefire with Iran is "over" after Washington launched strikes on the country overnight following alleged Iran's attacks on three ships in the Strait of Hormuz. The latest developments reignated worries over energy supplies and inflationary pressures. Meanwhile, investors remained cautious ahead of the Fed's June meeting minutes and the start of the earnings season, with Tata Consultancy Services due to report results on Thursday. All major sectoral indices ended lower. InterGlobe Aviation (-5%), Maruti (-4.1%), Hindustan Unilever (-3.4%), Bajaj Finance (-3.1%), Kotak Mahindra Bank (-2.9%),Mahindra & Mahindra (-2.9%) and ITC (-2.9%) were the major laggards.
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The SENSEX Index Closes 2.13% Lower
The SENSEX Index dropped 1663 points or 2.13 percent on Wednesday to close at 76517 points. Losses were led by Maruti Suzuki (-3.89%), Hindustan Unilever (-3.32%) and Bajaj Finance (-3.00%).
2026-07-08
Sensex Extends Losses as Higher Oil Prices Weigh
India’s BSE Sensex fell 0.7% to 77,609 on Wednesday, following losses in the last session, as rising crude oil prices and escalating geopolitical tensions in the Middle East dampened investor sentiment. Oil prices climbed after renewed tensions between the United States and Iran raised concerns over potential supply disruptions. Broader risk appetite also weakened after Asian markets tracked overnight declines on Wall Street. Investors remained focused on the upcoming earnings season, with Tata Consultancy Services due to report results, while technology stocks were also in focus following reports that Chinese AI startup DeepSeek could reduce reliance on global chipmakers. Among corporate news, HCLTech remained in focus over acquisition integration, and Orchid Pharma licensed an antibiotic in Russia. Early losers included South Indian Bank (-9.1%), Hindustan (3.7%), Cochin Shipyard (-2.6%), Reliance (-1.9%), InterGlobe (-1.8%), and State Bank of India (-1.1%).
2026-07-08