India’s key stock indices posted losses on Monday, October 22, amid persisting geopolitical tension. Energy companies, media stocks and commodity producers led the decline. Notably, Nifty Energy, Nifty Media and Nifty Commodities retreated 2.52%, 1.49% and 1.49%, respectively. Recapping the benchmarks, the Nifty 50 eased 0.57% to 10,245.25, while the BSE Sensex closed 0.53% lower at 34,134.38. By 10:45 GMT, the USD/INR edged down 0.04% to 73.455, while EUR/INR advanced 0.03% to 84.5155. The 10-year government bond yield stood at 7.915%. HDFC Bank, India’s second-largest lender in terms of assets, rose 1.55% after reporting a 20% upsurge in profit in the previous quarter. At the same time, Indiabulls Housing spiked 9.1% on news that the company plans to sell its unit Part OakNorth to a private equity fund. Jet Airways underperformed, plunging 6.86% on news that Tata Group’s statements about the possible acquisition of a majority stake in the company were just rumors. Among the top gainers on the Nifty 50 (aside from Indiabulls), ICICI Bank, Eicher Motors and NTPC surged 3.69%, 3.70% and 2.11%, respectively. The decliners included IndusInd Bank, Bharat Petroleum and UltraTech Cement, which sank 6.96%, 4.51% and 4.05%. The daily chart shows that the BSE Sensex has approached key support level at 34,000. Should this level be breached, the benchmark may continue to move lower.