Indian Stock Markets Extend Losing Streak to Fourth Session as Oil Prices Surge

Indian equity benchmarks ended lower for the fourth consecutive trading session as rising crude oil prices and tensions in West Asia weighed on investor sentiment. The markets witnessed significant volatility during the day, with the Sensex slipping sharply after opening in positive territory before recovering some losses towards the close. The BSE Sensex fell 125.56 points to settle at 73,123.83, after touching an intraday low of 72,452.37. The index had opened at 73,665.64, compared with its previous close of 73,249.39. The NSE Nifty 50 declined 171.25 points to finish at 22,516.40.

Among the Sensex constituents, Tata Steel, Adani Ports, Trent, Tech Mahindra and Bharat Electronics (BEL) were among the major laggards. Eternal, Larsen & Toubro (L&T), Reliance Industries, Tata Consultancy Services (TCS) and UltraTech Cement ended higher. In the commodities market, Brent crude rose to $114 per barrel amid concerns over tensions in West Asia, while gold traded at $4,024 per ounce. The rupee was quoted at ₹94.94 against the US dollar. Rising energy costs and geopolitical uncertainty continued to put pressure on market sentiment.