2025.12.0904:58:08UTC+00Indian Market Slides to 2-Week Low

The BSE Sensex experienced a decline of 398 points, equivalent to a 0.5% drop, reaching 84,704 during Tuesday morning trading. This downturn continued from the previous session and marked its lowest point in two weeks due to prevailing concerns regarding US-India trade negotiations. On Tuesday, US Treasury Secretary Scott Bessent indicated that efforts are ongoing to finalize a trade agreement with India. Meanwhile, reports suggested the potential imposition of US tariffs on rice imported from India. Additionally, traders exhibited caution in anticipation of the Federal Reserve’s impending interest rate decision scheduled for Wednesday. This sentiment mirrored a broader market decline following Wall Street's overnight performance, as investors reevaluated the Fed's policy direction leading into 2026. The Nifty 50 also decreased by 0.5%, slipping below the 26,000 mark, with small-cap and mid-cap stocks each experiencing reductions of 0.8% and 0.5%, respectively. All sectors registered declines, led by technology stocks, which fell by 1.4%, followed by the metals, financial services, and banking sectors. Among the notable underperformers were Asian Paints, declining by 3.5%, Tata Motors by 1.8%, Tata Steel by 1.6%, Mahindra & Mahindra by 1.6%, and TCS by 1.5%.