Sensex Trades Near 5-Week Low
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India’s BSE Sensex fell 1.3% to 76,306, marking its lowest level since April 7, amid rising geopolitical tensions between the US and Iran, which drove crude oil prices higher. The financial sector faced pressure, with major banks like HDFC and ICICI Bank declining. Jewellery and travel stocks also dropped after PM Modi advised citizens to limit travel and gold purchases due to the Iran conflict. Conversely, Tata Consumer Products shares rose 6.3% on strong revenue growth forecasts and better-than-expected profits.
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