FX.co ★ Sensex Sees Worst Day in Over a Month

The BSE Sensex experienced a significant downturn, closing approximately 1.6% lower at 81,148 on Tuesday. This marks its sharpest daily drop in over a month, primarily driven by profit-taking after substantial gains in the previous session. Market sentiment was further affected by apprehensions regarding foreign capital potentially moving to China, following China’s recent trade agreement with the U.S. Additionally, geopolitical tensions remained a pressing concern, with investors attentively monitoring the delicate ceasefire between India and Pakistan. On the economic data front, inflation statistics garnered attention from both India and the U.S. The declines were led by tech stocks and heavyweight financials, which fell by 2.4% and 1.1%, respectively. Conversely, pharmaceutical stocks demonstrated resilience, rising over 1%, as President Trump’s executive order on drug pricing proved less stringent than initially anticipated.