India’s Sensex edges up 0.2% as crude falls and IPO rush limits gains

  • BSE Sensex rose as investors weighed lower crude prices against tensions and IPO activity.
  • Brent crude fell 0.7% to around $104.10 a barrel.
  • National Stock Exchange’s IPO is valued at roughly $2.3 billion, with foreign inflows in focus.

India’s BSE Sensex rose about 0.2% to 74,435 on Friday after a muted previous session, helped by easing crude prices but constrained by Middle East tensions and a busy initial public offering (IPO) pipeline. Brent crude fell 0.7% to around $104.10 a barrel. Investors remained focused on the National Stock Exchange’s roughly $2.3 billion IPO. Expected foreign inflows tied to the offering could support the rupee, although multiple IPOs are also diverting liquidity from the secondary market (where existing securities trade). Lodha, Yatharth, Netweb and Syrma SGS gained 3.5%, 6.6%, 1.6% and 3.6%, respectively. Technology stocks declined, led by Tech Mahindra, while Tata group shares also fell, with losses among four named companies ranging from about 2.6% to 7.8%.

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