28.04.202604:20:05UTC+00Sensex Slips in Early Trade

India’s BSE Sensex opened about 0.1% lower at 77,219 on Tuesday, giving back gains from the previous session as elevated oil prices dampened risk appetite. Brent crude rose to around $109 per barrel amid signs that efforts to end the Iran war have stalled, with US President Donald Trump reportedly unhappy with Iran’s latest proposal to resolve the conflict.

Foreign investors offloaded roughly $122 million worth of equities, extending their selling streak to a sixth straight session. On the macroeconomic front, India’s industrial production data for March is due later in the day and is widely expected to slow to 4% from 5.2% in February, reinforcing evidence of moderating economic momentum and keeping investors cautious in the near term.

Financial stocks led the decline, with notable losers including Axis Bank (-0.5%), Jindal (-3.2%), Tanla (-3.4%), Vedanta (-1.1%), and Eternal (-1.4%). On the upside, key gainers included Cohance (+13.6%), Epack (+8.5%), and Coal India (+5%).