BSE Sensex slips 0.2% to 78,348 as higher oil prices weigh

India's BSE Sensex fell about 0.2% to 78,348 on Monday, extending the previous session's decline as investors balanced support from softer U.S. jobs data against pressure from rising crude oil prices. The weaker-than-expected payrolls reading eased expectations of a near-term Federal Reserve rate hike, a backdrop that can support emerging-market sentiment by reducing pressure on global borrowing costs and capital flows. That support was partly offset by Brent crude rising around $84.5 a barrel as uncertainty persisted over the reopening of the Strait of Hormuz, a key energy shipping route. Traders are also watching how the market's new closing auction behaves over the coming week. Among individual stocks, Titan was set to draw attention after a sharp rise in quarterly profit, while Dr. Reddy's ended its distribution agreement with Novartis India. Oil India's profit more than tripled, and Ola Electric narrowed its first-quarter loss. The biggest decliners included State Bank of India, down 1.6%, Kaynes, down 1.5%, Cupid, down 0.5%, and Hindalco, down 0.5%.

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