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Indices

Sensex Falls for 4th Day

India’s BSE Sensex erased early gains to close about 0.6% down at 76,153 on Thursday, its lowest since July 24, extending losses for the fourth session. Rising oil prices amid intense strikes between the US and Iran in the Middle East kept investors firmly in risk-off mode. Market sentiment was tempered by a surge in foreign-currency deposits from non-resident Indians, with over $60 billion mobilised in the final 10 days of the RBI’s swap scheme, taking the total to about $136 billion. Titan /-2.2%) and Trent (-1.9%) were the biggest laggards, followed by ITC, M&M, Bajaj Finserv, HCL Tech, Tech Mahindra and Sun Pharmaceuticals, each falling more than 1%. By contrast, Axis Bank (0.9%), Adani Ports (0.8%), Asian Paints (0.5%) and HDFC Bank (0.4%) were the major gainers.

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