FX.co ★ Indian Stocks Snap 3-Day Decline

India’s BSE Sensex climbed 0.5% to around 74,900 on Monday, snapping a three-session losing streak, as easing concerns over energy supplies offered temporary relief to markets unsettled by tensions in the Middle East. Reports indicated that a coalition of countries is preparing to escort commercial vessels through the Strait of Hormuz, and two India-flagged LPG carriers successfully passed through the strategic chokepoint last week.

Foreign Minister Subrahmanyam Jaishankar noted that talks with Iran have produced some results, though investors remain cautious and are looking for a more durable resolution to the situation. Crude oil prices stayed above $100 a barrel, sustaining inflation and growth worries and keeping pressure on the rupee.

Among key gainers were Bajaj Finance (up 1.3%), State Bank of India (1.5%), Adani Power (2.4%), and JSW Steel (2%), while technology stocks largely weighed on the index. Investors are now awaiting upcoming wholesale inflation figures and trade data for further signals on the strength of the Indian economy.