India’s BSE Sensex rose about 0.2% to 74,435 on Friday after a muted previous session, supported by easing crude prices but constrained by Middle East tensions and heavy initial public offering (IPO) activity. Brent crude fell 0.7% to around $104.10 a barrel, although it remained above $100 and continued to pose inflation, corporate-margin and current-account risks for India, a major oil importer. The National Stock Exchange of India’s roughly $2.3 billion IPO was a central focus; expected foreign inflows could support the rupee, while multiple offerings diverted liquidity from the secondary market. Tata group stocks also declined after Tata Sons reappointed N. Chandrasekaran as chairman, said it would consider a public listing and faced a proposal from shareholder Shapoorji Pallonji Group to sell part of its stake. The Nifty and Sensex remained down 0.5% and 0.6%, respectively, for the week and were on course for six consecutive weekly declines. Foreign institutional investors had sold shares for seven straight sessions, while domestic institutional buying provided some support. Technology stocks fell, while Lodha, Yatharth, Netweb and Syrma SGS gained.