06.01.202605:29:50UTC+00India Equities Extend Losses

In morning trading on Tuesday, the BSE Sensex declined by 245 points, equivalent to a 0.3% decrease, settling at 85,195. This continued the downturn from the prior session as traders evaluated the possible effects of newly implemented US tariffs. After reaching an intraday high on Monday, both the Sensex and Nifty experienced a pullback, primarily due to downturns in the oil & gas, auto, and manufacturing sectors. Nevertheless, gains in metals, healthcare, and pharmaceutical stocks helped mitigate the overall decline. The continued optimism surrounding an earnings recovery, fueled by positive quarterly business updates, also helped stabilize the broader index. Additionally, an overnight rally on Wall Street provided some support to market sentiment, alleviating pressure. Recent data revealed that the growth in India's private sector has been the slowest since January, attributed to a deceleration in both manufacturing and services activities. Notable decliners included Reliance Industries (-3.4%), Tata Motors (-1.9%), HDFC Bank (-1.5%), and Nestle India (-0.9%).