Indian Shares Extend Recent Losses On Tariff, Iran-linked Inflation Worries

Indian equities fell for a fifth straight session as investors reacted to two macro headwinds: Brent crude rising above $100 a barrel amid Middle East tensions and a U.S. decision to impose 10% tariffs on Indian imports over forced-labor concerns. The BSE Sensex dropped 745 points (1%) to 75,647 and the Nifty 50 fell 212 points (0.9%) to 23,656. The move points to broader pressure on sentiment from higher input-cost and inflation fears, which could weigh on margins, consumer demand, and policy expectations. Weakness was broad-based, with names such as UltraTech Cement, Larsen & Toubro, Bharti Airtel, and Bajaj Finance falling around 2%. Some stock-specific earnings and guidance misses, including InterGlobe Aviation, Meesho, and Infosys, added to the negative tone, while Suryoday Small Finance Bank surged on stronger quarterly profit.