FX.co ★ Sensex Finishes Deeply in the Red

India’s BSE Sensex extended its decline on Friday, closing about 2.3% lower at 73,583 and erasing gains from the previous two sessions. Persistent uncertainty over the Iran conflict and elevated crude oil prices weighed on sentiment, triggering continued foreign investor outflows, even as US President Donald Trump postponed strikes on Iran’s energy infrastructure until April 6. Selling pressure was broad-based, with energy, airline, and financial stocks registering the steepest losses. Reliance Industries fell 4.6% and IndiGo declined 4.5%, underscoring the impact of higher fuel costs from expensive crude. In contrast, defensive stocks showed some resilience, with TCS up 0.5%, Bharti Airtel advancing 0.4%, and Power Grid edging 0.1% higher.