Sensex Closes Lower
2026-07-14 10:55
By
Luisa Carvalho
1 min. read
India’s BSE Sensex closed about 0.7% down at 77,055 on Tuesday, halting a three-day advance, largely attributed to the escalation in US-Iran tensions and rising oil prices.
The US military struck Iran for a third consecutive night, while President Trump reinstated a naval blockade on Iranian shipping and imposed a 20% charge on goods transiting the Strait of Hormuz.
Market sentiment was further dented by renewed foreign outflows and signs of inflationary pressures.
Data released on Monday showed India's retail inflation surged to 4.38% in June, exceeding the Reserve Bank of India's (RBI) 4% target for the first time since January 2025.
Most sectors saw increased selling pressure.
HCL Tech (-4.4%) was the top laggard after its unchanged FY27 guidance overshadowed stronger-than-expected quarterly results.
IndiGo (-2.3%), Bajaj Finserv (-2.2%), SBIN (-2.1%), M&M (-2.1%) and L&T(-2%) also posted solid losses.
Bharti Airtel (1.7%), TCS (0.9%) and Sun Pharma (0.8%) were among the winners.