Sensex and Nifty came under heavy pressure

Indian stock markets extended losses for the fourth consecutive trading session as renewed tensions in West Asia and rising crude oil prices weighed on investor sentiment. FMCG, financial, and automobile stocks faced strong selling pressure. The rupee fell 34 paise to close at 95.19 against the US dollar, while Brent crude rose 3.76% to $94.55 per barrel. Most Asian markets ended in gains except China.

BSE-listed companies saw a sharp erosion of ₹4.27 lakh crore in market capitalisation, bringing the total to ₹460.70 lakh crore. The Sensex opened positively but turned volatile, hitting an intraday high of 75,368 and a low of 74,203 before closing 508 points lower at 74,267. Nifty also declined 165 points to close at 23,382. Most Sensex stocks ended in the red, while Zee Entertainment surged 2.67% after signing an eight-year partnership with FIFA for broadcasting rights.