Sensex Extends Losing Streak to Third Day
2026-07-22 04:24
By
Jereli Escobar
1 min. read
India’s BSE Sensex fell about 0.8% to 76,876 on Wednesday, marking a third straight session of losses, as surging crude oil prices and cautious sentiment ahead of key corporate earnings weighed on investor appetite.
The decline came after Brent crude climbed to around $92 a barrel, its highest level in five weeks, amid escalating Middle East tensions that raised concerns over potential supply disruptions.
Among recent earnings updates, Bandhan Bank shares dropped about 14% despite improved profit and asset quality, while MedPlus Health fell 16.3% after reporting a decline in quarterly profit.
Despite the market weakness, foreign portfolio investors remained net buyers, purchasing about 16.5 billion rupees of Indian equities in the previous session, putting July on track to become their first month of net inflows in five months.
Domestic institutional investors, meanwhile, were net sellers.
Other notable laggards included Gabriel India (-5.7%), SBI Funds (-2.9%), and Cupid (-1.6%).