FX.co ★ Sensex Suffers Worst Decline in Over 3 Months

India’s BSE Sensex extended losses on Wednesday, closing about 2.2% lower at 76,504—its steepest single-day fall since March 30—as escalating Middle East tensions drove oil prices higher. US President Trump declared that the ceasefire with Iran was “over” after Washington launched overnight strikes on the country, following alleged Iranian attacks on three ships in the Strait of Hormuz. These developments reignited concerns about energy supply disruptions and mounting inflationary pressures. At the same time, investors stayed cautious ahead of the release of the Federal Reserve’s June meeting minutes and the start of the earnings season, with Tata Consultancy Services scheduled to report results on Thursday. All major sectoral indices finished in negative territory.