13.11.202604:58:25UTC+00Sensex Dips After 11-Day Winning Streak

India’s BSE Sensex slipped about 0.2% to 81,739 on Friday, ending an eleven-session winning streak, as rising crude oil prices and renewed inflation worries outweighed robust foreign fund inflows. Brent crude advanced to roughly $95.23 per barrel amid escalating attacks on Saudi energy infrastructure and shipping disruptions in the Strait of Hormuz.

On the macro front, India’s retail inflation quickened to 6.09% in October from 5.54% in September, surpassing the RBI’s 6% upper tolerance band for the first time since October 2024. Globally, mounting concerns over heavy data centre spending also pressured AI-related stocks, further adding to market uncertainty.

In corporate moves, Ola Electric dropped 2.7% even as it reported a narrower second-quarter loss, with sentiment hit by a 39% decline in revenue. Vodafone fell 2.1% after posting a slimmer quarterly loss driven by higher average revenue per user. By contrast, Meesho inched up 0.7% amid reports that a SoftBank affiliate may sell a 1% stake via a block deal valued at about 11.74 billion rupees.