India’s BSE Sensex fell about 0.9% to 73,585 at the open on Monday, its lowest level since April 2, as investors reacted to a sharp rise in crude oil prices and a broader risk-off tone across Asian markets. Stronger-than-expected US economic data heightened concerns that the Federal Reserve may keep interest rates elevated for longer, adding pressure on emerging-market assets.
Sentiment was partially supported by the Reserve Bank of India’s latest measures to attract foreign capital inflows. The central bank announced steps to encourage non-resident deposits and external commercial borrowings, which helped strengthen the rupee and bolster government bonds.
The overall decline was led by weakness in technology and financial stocks. Among individual names, HSCL, Wipro, MTAR, IFCI, GE Vernova, and E2E Networks were notable laggards, each losing between 4.4% and 5.1%. On the upside, EMS (+14%), Thomas Cook (+10.2%), and NRB Bearings (+7.8%) ranked among the session’s top gainers.
