24.04.202510:39:37UTC+00Indian Stocks Snap 7-Day Winning Run

India's BSE Sensex concluded Thursday's trading session with a decline of approximately 0.4%, settling at 79,801. This marked the end of a seven-day upward trend that had elevated the index to its highest levels since January. The downturn was predominantly driven by profit-taking actions and escalating geopolitical tensions between India and Pakistan after the Pahalgam attack, which incited caution among investors. This occurred despite positive fundamentals, including the sustained influx of foreign investments and an optimistic inflation outlook. Simultaneously, market participants kept a close eye on the evolving trade relations between the United States and China, in addition to assessing the dovish tone reflected in the Reserve Bank of India's April meeting minutes. In terms of sector performance, private banks and technology firms emerged as prominent decliners. Notably, Hindustan Unilever, a leading player in the FMCG sector, fell to the lowest position in the index with a 3.8% drop, following a slight miss in its quarterly earnings expectations. Conversely, IndusInd Bank emerged as the top gainer, advancing by 3.4%, trailed by UltraTech Cement with a 1.8% increase, and Tata Motors, up by 1.3%.