India’s BSE Sensex ended Tuesday’s session about 0.6% lower at 76,009.7, breaking a two-day winning streak and tracking weakness in global markets. Investors engaged in profit-taking as they evaluated fresh US military strikes in southern Iran and the potential implications for an emerging peace deal, despite ongoing negotiations. These developments rekindled worries about crude oil prices, inflation, and the broader economic outlook. At the same time, concerns over persistent foreign portfolio outflows weighed on sentiment.
On the index, Bharti Airtel was the biggest laggard, slipping 1.5%, followed by Trent (-1.4%), TCS (-1.4%), Bajaj Finance (-1.3%), Titan (-1.1%), HDFC Bank (-1%), Mahindra & Mahindra (-1%), and ICICI Bank (-1%). On the positive side, Tech Mahindra topped the gainers, advancing 1.7%. Eternal rose 1%, Maruti Suzuki India added 0.6%, while Adani Ports and Hindustan Unilever each climbed 0.4%.
