07.01.202605:02:01UTC+00India Shares Extend Losses for Third Session

The BSE Sensex decreased by 181 points, or 0.2%, reaching 84,882 during Wednesday's morning trading session. This marks the third consecutive decline as concerns loom over geopolitical tensions and the possible repercussions of new US tariffs. Market participants also awaited US employment data to provide insights into the Federal Reserve’s monetary policy direction, alongside key consumer and producer price statistics from China expected later this week. These indicators are crucial for determining the economic outlook of China, India’s primary trade ally. Nonetheless, prevailing optimism regarding corporate earnings tempered the extent of the downturn. The drop was further limited due to a positive performance on Wall Street the previous day, driven by hopes for several interest rate cuts by the Federal Reserve. Most industries experienced declines, including banking, financial services, and the automotive sector. In contrast, the consumer durables and healthcare sectors experienced gains, rising by 2.0% and 1.2%, respectively, which helped balance the overall market. In terms of specific stocks, Tata Motors saw a 2.0% decline, while HDFC Bank and Bajaj Finance each fell by 1.1%, and IndusInd Bank decreased by 0.8%.