FX.co ★ Sensex Ends Lower

The BSE Sensex in India concluded Thursday's trading session with a decline of approximately 0.5%, settling at 82,259. This downturn was primarily influenced by profit-taking activities within the IT and financial sectors, as first-quarter earnings reports have been relatively lackluster. In contrast, sectors such as real estate, metals, and pharmaceuticals experienced slight gains. Additionally, market sentiment was hampered by ongoing foreign capital outflows amidst uncertainty surrounding the US-India trade agreement. Recent comments from President Trump indicate that a trade agreement with India may be finalized soon, possibly before the August 1st deadline for reciprocal tariffs. Among specific stocks, Tech Mahindra saw a nearly 3% decrease following the announcement of revenue figures that fell slightly short of expectations. Other notable decliners included ICICI Bank, Eternal, State Bank of India, and Asian Paints.