FX.co ★ Indian Stocks Slide to Over 3-Month Low

On Wednesday morning, the BSE Sensex declined by 148 points, or 0.6%, reaching 81,681, marking its third consecutive session of losses and its lowest level since October 3. This downturn followed a negative session on Wall Street overnight, with ongoing concerns about global trade and geopolitical tensions influencing the market. The sentiment was further dampened by disappointing quarterly earnings from key players such as Reliance Industries and ICICI Bank, which fell short of expectations. Additionally, continuous outflows from foreign investors exerted additional pressure on the market mood. Despite this, traders remained vigilant, anticipating the third-quarter earnings reports of companies like Dr Reddy’s Laboratories and Hindustan Petroleum Corp, set to be released later today. Meanwhile, the Nifty 50 index decreased by 0.5%, with small-cap and mid-cap stocks experiencing declines of 0.8% and 1.2%, respectively. Most sectors experienced losses, notably technology, banking, and financial services. Among the notable decliners were ICICI Bank (-1.6%), Larsen & Toubro (-1.0%), Infosys (-0.9%), HCL Tech (-0.9%), and HDFC Bank (-0.6%).