FX.co ★ India Stocks Extend Losses for Fourth Session

The BSE Sensex fell by 268 points, or 0.3%, reaching 84,693 during Thursday morning trades, marking the fourth consecutive session of decline and hitting its lowest point since December 30. This downturn was influenced by geopolitical tensions and apprehensions about US tariffs, which dampened the positive outlook on earnings growth. The pressure on sentiments was further exacerbated by persistent foreign investor outflows. Similarly, the Nifty index declined by 0.4%, with small-cap and mid-cap stocks decreasing by 0.4% and 0.8%, respectively. Predominantly, market sectors registered losses, with the metals sector experiencing the most significant drop of 2%, followed by the technology, manufacturing, and automotive sectors. Metal stocks were especially impacted due to a reduction in copper and nickel prices, as investors opted to secure gains, continuing a retreat from recent record peaks. Among specific equities, Tata Consultancy Services saw a significant fall of 3.0%, JSW Steel decreased by 2.0%, with Tata Steel and Tech Mahindra each declining by 1.7%, and Reliance Industries showed a drop of 1.1%.