FX.co ★ Indian Stocks See 3rd Day of Losses

The BSE Sensex in India ended slightly lower at 84,559.65 on Wednesday, marking its third consecutive day of decline. Market sentiment remained subdued due to ongoing concerns about persistent foreign outflows and uncertainty surrounding a potential trade agreement between the US and India. Investors also considered the implications of a mixed US labor report released on Tuesday, which heightened economic worries but left the direction of future interest rate changes uncertain. In an interview with the Financial Times, India's central bank governor, Sanjay Malhotra, indicated that interest rates would remain low for an extended period. The financial sector, particularly heavyweight companies, fell by 0.5%, with significant players like HDFC Bank and ICICI Bank experiencing declines of nearly 1% each.