FX.co ★ Sensex Closes at Over 2-Month Low

India’s BSE Sensex closed about 1% lower at 73,524.3 on Monday, its weakest finish since early April, tracking declines in major global markets. Risk sentiment deteriorated as a sharp rise in crude oil prices followed fresh Israeli strikes on Iran and Lebanon, stoking fears of a broader regional conflict that could disrupt global supply chains and reignite inflation pressures. Concerns over stretched equity valuations and the prospect of further interest rate hikes added to the downbeat mood.

Among individual stocks, Eternal was the session’s worst performer, sliding 3.2%. InterGlobe Aviation’s IndiGo dropped 2.6% after Bloomberg reported that the low-cost carrier is unlikely to receive its full scheduled delivery of nine Airbus A321XLR aircraft this year, due to supply chain disruptions linked to the conflict in Iran. Technology names also faced strong selling pressure, with TCS losing 2.1%, Infosys slipping 0.8%, and HCL Technologies easing 0.3%.

On the positive side, Power Grid gained 1.8%, leading the list of advancers, followed by Tech Mahindra (up 1.4%), BEL (1.2%), Bharti Airtel (0.9%), and State Bank of India (SBIN), which added 0.4%.