2025.05.0605:27:46UTC+00India Equities Fall from 13-Week High

India's stock market experienced a decline of 239 points, or 0.3%, settling at 80,557 during Tuesday's morning trading session. This downturn followed gains observed over the past two sessions, with a majority of sectors, particularly pharmaceuticals, witnessing a retreat. The BSE Sensex retreated from its nearly 13-week high achieved the previous day, influenced by a dip in Wall Street due to ongoing concerns about tariffs. Investors remained on edge in anticipation of the U.S. Federal Reserve's impending monetary policy announcement on Wednesday. Additionally, sentiment was dampened by disappointing Chinese economic data, as revealed by a private survey indicating that China's services sector expanded at its slowest rate in seven months. Within India, revised data showed that the country's private sector growth was slightly downgraded, though it retained the highest growth rate in eight months, bolstered by solid activity in both manufacturing and services sectors. The Nifty 50 index also dropped by 0.3%, falling below 24,400, with significant losses from companies such as Adani Ports (-1.6%), Bajaj Finance (-1.3%), SBI (-1.3%), and NTPC (-1.2%).