Sensex Set for 4th Day of Losses

2026-07-23 04:25 By Jereli Escobar 1 min. read

India’s BSE Sensex fell about 0.4% to 76,429 at the open on Thursday, extending losses to a fourth session as oil topped $95 a barrel after fresh US strikes on Iran and Houthi attacks on Red Sea oil tankers dented risk appetite and raised concerns over inflation and corporate earnings.

Market participants are also tracking a busy earnings calendar.

IndusInd Bank was in focus after reporting better-than-expected quarterly profit, while Dr. Reddy’s Laboratories came under pressure after issuing a supply warning and missing profit estimates.

Hindustan Petroleum reported its first quarterly loss since 2022 as elevated crude prices squeezed refining margins.

Investors are also awaiting earnings from Cipla, Infosys, and InterGlobe Aviation later in the day for further cues on corporate performance and market direction.

IndusInd Bank (-5.6%), Adani Green (-4.6%), Data Patterns (-3.1%), Dr. Reddy’s Laboratories (-2.9%), and HFCL (-2.2%) posted declines.



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Sensex Set for 4th Day of Losses
India’s BSE Sensex fell about 0.4% to 76,429 at the open on Thursday, extending losses to a fourth session as oil topped $95 a barrel after fresh US strikes on Iran and Houthi attacks on Red Sea oil tankers dented risk appetite and raised concerns over inflation and corporate earnings. Market participants are also tracking a busy earnings calendar. IndusInd Bank was in focus after reporting better-than-expected quarterly profit, while Dr. Reddy’s Laboratories came under pressure after issuing a supply warning and missing profit estimates. Hindustan Petroleum reported its first quarterly loss since 2022 as elevated crude prices squeezed refining margins. Investors are also awaiting earnings from Cipla, Infosys, and InterGlobe Aviation later in the day for further cues on corporate performance and market direction. IndusInd Bank (-5.6%), Adani Green (-4.6%), Data Patterns (-3.1%), Dr. Reddy’s Laboratories (-2.9%), and HFCL (-2.2%) posted declines.
2026-07-23
Indian Stocks Close Lower
Indian stocks closed sharply lower on Wednesday, tracking overnight losses for software companies in Wall Street. The S&P/BSE Sensex dropped 0.9% to 76,755 and the NSE Nifty 50 fell 0.8% to 23,996. Infosys lost 2% and Tech Mahindra dropped 1.2%, aligned with the pullback in the US AI software sector due to unease of higher borrowing costs and worries that elevated infrastructure spending may not bring the expected returns. In the meantime, higher yields also pressured banks, with Axis Bank and ICICI Bank dropping 2% and 1.5%, respectively. More strikes between the US and Iran, in addition to Houthi forces threatening tankers in the Red Sea, furthered the energy supply shortage from the Middle East. Besides raising the inflationary backdrop, the developments pressure the rupee due to the high import burden of energy commodities, driving foreign investors to divest from Indian equities.
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2026-07-22