India’s Sensex falls to 71,909.7, extending losing streak to four sessions

  • BSE Sensex fell about 0.8% to 71,909.7 on Thursday, extending its losing streak to four sessions.
  • The index reached its lowest level since March and lost about 2.7% for the week.
  • Rising oil prices, foreign investor outflows and Middle East uncertainty pressured most sectors, while technology stocks and selected banks outperformed.

India’s BSE Sensex fell about 0.8% to close at 71,909.7 on Thursday, extending its losing streak to four sessions and reaching its lowest level since March. Rising oil prices, sustained foreign investor outflows and the absence of a visible diplomatic solution to the Middle East conflict weighed on sentiment, while elevated global bond yields and expectations of higher-for-longer interest rates added pressure. Almost all sectors declined, although technology stocks and selected banks outperformed. The index lost about 2.7% for the week, following a 5.8% decline in September and a 5.2% quarterly loss. Indian markets were scheduled to close on Friday, October 2, for Mahatma Gandhi Jayanti.

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