India’s BSE Sensex fell 0.7% to 77,609 on Wednesday, following losses in the last session, as rising crude oil prices and escalating geopolitical tensions in the Middle East dampened investor sentiment.
Oil prices climbed after renewed tensions between the United States and Iran raised concerns over potential supply disruptions.
Broader risk appetite also weakened after Asian markets tracked overnight declines on Wall Street.
Investors remained focused on the upcoming earnings season, with Tata Consultancy Services due to report results, while technology stocks were also in focus following reports that Chinese AI startup DeepSeek could reduce reliance on global chipmakers.
Among corporate news, HCLTech remained in focus over acquisition integration, and Orchid Pharma licensed an antibiotic in Russia.
Early losers included South Indian Bank (-9.1%), Hindustan (3.7%), Cochin Shipyard (-2.6%), Reliance (-1.9%), InterGlobe (-1.8%), and State Bank of India (-1.1%).