India’s BSE Sensex closed about 1.7% down at 77,566 on Monday, the lowest since April 2025, extending losses from the previous session, as the Middle East conflict intensified over the weekend. The tense geopolitical situation and disruptions in the Strait of Hormuz triggered another surge in energy prices. This raised fears of renewed inflationary pressures and a widening importing bill for India, prompting further foreign outflows and broad-based selling across sectors. Banking stocks saw heavy selling, with State Bank of India declining over 5%, and Axis Bank , ICICI Bank , and HDFC Bank falling between 3% and 4%. Auto and industrial stocks fell sharply, with Maruti Suzuki India falling 4.6%, and Larsen & Toubro down 2.8%. Other heavyweights including Asian Paints, Tata Steel, Mahindra & Mahindra, and UltraTech Cement declined, while InterGlobe Aviation (IndiGo) dropped 4%.
