FX.co ★ Sensex Down for 4th Day

India's BSE Sensex concluded Monday's trading session with a decline of approximately 0.3%, settling at 82,253.5, marking a new three-week low and continuing its downward trajectory for the fourth consecutive session. This dip was fueled by renewed concerns over tariffs, following US President Donald Trump's announcement of 30% tariffs on imports from Mexico and the EU set to take effect on August 1, despite extended negotiations. Investor sentiment was further dampened by worries over subpar IT sector earnings and foreign capital outflows. After Tata Consultancy Services' disappointing results last week, market caution heightened in anticipation of the forthcoming earnings reports from HCL Technologies and Tech Mahindra. Market participants also keenly awaited the Indian June inflation data for potential insights into the Reserve Bank of India's policy direction. Across sectors, IT stocks remained under pressure, while profit-booking negatively impacted the banking and financial sectors. However, this was somewhat balanced by gains in the realty, pharmaceuticals, and energy sectors. Notable decliners included Tech Mahindra, which fell 1.8%, Infosys down 1.5%, Bajaj Finance decreasing 1.4%, Asian Paints slipping 1.5%, and HCL Technologies retreating by 1.4%.