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India’s BSE Sensex edged down to about 0.4%, or 281 points, to 77,450 on Tuesday, extending recent losses as investors reacted to rising geopolitical tensions in the Middle East. Sentiment weakened after the US-Iran ceasefire expired without a new agreement, sending Brent crude above $91 per barrel and fueling concerns over higher inflation and increased import costs for India, one of the world’s largest crude importers. Among individual stocks, Colgate-Palmolive India dropped around 3% after brokerages raised concerns over margin pressures despite the company’s growth strategy. In contrast, Indo-MIM jumped 10% following strong quarterly earnings, while Highway Infrastructure advanced 4% after winning a government highway contract. Notable laggards included BSE Ltd. (-2.4%), Cupid Limited (-1.7%), Billionbrains Garage Ventures (-2.7%), Bharti Airtel (-1.6%), and One 97 Communications (-1.4%).
