India’s BSE Sensex fell about 0.3% to 77,957 on Wednesday, extending the previous session’s losses as rising crude oil prices and caution before India and U.S. inflation data weighed on risk sentiment (investor appetite for riskier assets). Oil moved closer to $90 a barrel amid tensions in the Middle East and uncertainty around the reopening of the Strait of Hormuz, heightening concerns about energy costs for an import-dependent economy. India’s annual inflation rate for July is due later in the day, with forecasts pointing to 4.5%, up from 4.38%, which was the highest reading since December 2024. Among individual stocks, Godrej Consumer Products dropped about 9.4% to its lowest level in more than three years after CEO Sudhir Sitapati unexpectedly resigned just months after being reappointed. Tata Group stocks also faced pressure after reports said Tata Sons Chairman N. Chandrasekaran may step down. Other notable decliners included Dr. Agarwal’s, down 5.7%, Tenneco Clean Air, down 2.2%, and Manappuram, down 1.7%.