Sensex Erases Earlier Gains
2026-09-22 04:47
By
Jereli Escobar
1 min. read
India’s BSE Sensex fell about 0.2% to 74,736 on Tuesday, erasing gains from the earlier session, as declines in financial and technology stocks weighed on the benchmark.
The index fell despite easing oil prices, with Brent crude trading around $101 a barrel after declining for four consecutive sessions, helping ease some pressure on oil-importing India.
US President Donald Trump said he was open to meeting Iranian President Masoud Pezeshkian in New York this week.
Meanwhile, investors focused on the National Stock Exchange IPO, which drew over $10 billion in bids and was subscribed 5.71 times, with shares set to debut on Thursday.
Notable laggards included Infosys (-1.4%), TCS (-0.9%), LTM (-3.6%), ICICI Bank (-0.4%), and State Bank of India (-0.7%).
On the upside, Coal India rose about 3.1% after Morgan Stanley upgraded the stock to “overweight” on a stronger earnings outlook.
Pace Digitek jumped about 10.5% after winning a 4.88 billion-rupee order from an NTPC unit.