FX.co ★ Sensex Drops for Fourth Straight Session

In the early trading hours on Wednesday, India's stock market saw a decline, with equities shedding 258 points, or 0.3%, to settle at 81,845. This marked the fourth consecutive session of losses, bringing the indices to their lowest point in over a week. Market sentiment remained subdued due to ongoing concerns regarding potential changes to the US H-1B visa regulations. Additionally, the persistent outflow of foreign capital overshadowed the anticipation of increased consumer spending during the upcoming festive season. Tracking the overnight downturn on Wall Street, the BSE Sensex faced further pressure from reserved statements by Federal Reserve officials, which fueled skepticism about the ongoing AI-driven market rally's viability. Furthermore, traders stayed alert in anticipation of the U.S.-India trade discussions' outcomes. Mirroring this trend, the Nifty 50 also experienced a 0.3% drop, falling below the 25,100 level. Across the board, sectors witnessed declines, with the technology, automotive, and banking industries leading the losses. Notable laggards included Tech Mahindra, which fell by 1.4%, Tata Motors by 1.3%, HDFC Bank by 1.1%, ICICI Bank by 1.0%, and Axis Bank by 0.8%.