Sensex Falls to Near 3-Month Low

India’s BSE Sensex fell about 0.6% to 75,714 on Tuesday, extending losses from the last session and hitting its lowest level since June 12, as rising oil prices and heightened Middle East tensions weighed on investor sentiment. Iran warned that additional attacks on Tehran could prompt retaliation against US assets and put Gulf energy infrastructure, including US oil and gas interests, at risk. Oil prices remained a key concern for Indian equities, with Brent crude trading around $97 a barrel as risks of a prolonged Middle East conflict raised concerns over global supply. Markets were also watching liquidity conditions after the Reserve Bank of India withdrew more than 6 trillion rupees of excess liquidity from the banking system on Monday. Meanwhile, India’s equity capital markets remain active, with six IPOs set to launch on the same day this week in a potentially record-setting rush. Notable laggards included IFCI (-7.0%), PC Jeweller (-2.9%), Jindal (-2.7%), and Vodafone (-1.0%).





