India’s Sensex rises 0.2% as investors await new Iran sanctions

India’s BSE Sensex edged up about 0.2% to 77,671 on Monday after a muted previous session, as investors remained cautious ahead of fresh US sanctions on Iran and continued monitoring elevated crude oil prices. US Treasury Secretary Scott Bessent was due to hold a press conference later Monday after threatening what he called the “toughest sanctions in history” on Iran. Energy stocks may draw attention after India’s downstream regulator approved about 1,800 kilometers of LPG pipelines, involving a $731.49 million investment. Meesho could see activity if Y Combinator sells up to a 1.05% stake in a $100.32 million block deal, while SoftBank may sell up to a 2.6% stake in Lenskart Solutions through a $300 million block deal at a 4% discount to Friday’s close. Early gainers included Vishal, Shanti Gears, Welspun Corp and Muthoot.

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