FX.co ★ Sensex Falls to 2015-Lows

India’s BSE Sensex fell about 1.4% on Wednesday to close at 79,116, its lowest level since April 2015, marking a fourth consecutive session of losses. Investor sentiment remained cautious amid uncertainty over the duration of the conflict involving the US, Israel, and Iran, with fears of potential disruptions to global energy supplies weighing on the market.

Economists and analysts highlighted that India’s heavy reliance on imported oil leaves it particularly exposed to higher inflation, a widening trade deficit, rupee depreciation, and slower economic growth. If the geopolitical tensions persist, these pressures could erode corporate earnings.

Selling was broad-based, hitting sectors such as metals, financials, automobiles, and capital goods. Among the worst performers were Tata Steel, Larsen & Toubro, InterGlobe Aviation, UltraTech Cement, Maruti, and NTPC. In contrast, Infosys and Bharti Airtel bucked the negative trend and managed to post gains.