India’s BSE Sensex declined about 0.6% to 77,072 on Thursday, pulling back from its recent rally and ending a five-session winning streak. Sentiment weakened as persistent geopolitical tensions and renewed uncertainty over a potential US–Iran ceasefire tempered expectations for the rally’s continuation.
Broader Asian markets also turned cautious following reports that Iran is maintaining strategic control over the Strait of Hormuz, which pushed oil prices higher again. This came alongside continued attacks in the Gulf region despite a temporary truce.
Losses were led by financial and technology stocks, while health services, retail trade, and non-energy minerals shares helped to limit the downside. Among major movers, HDFC Bank fell 1.2%, ICICI Bank dropped 1%, and Infosys declined 2%. In contrast, BSE gained 1.2%, KEC International advanced 3.8%, and Bharat Electronics added 1.6%.
Despite Thursday’s pullback, the broader index remains up 5.1% so far this week.
