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06.01.202611:17:36UTC+00Sensex Posts Losses for 2nd Day

On Tuesday, India's BSE Sensex ended the trading session roughly 0.4% lower at 85,063, marking its second consecutive day of decline as investors opted to secure profits following recent peak levels. The market atmosphere remained apprehensive owing to persistent outflows of foreign funds, uncertainties in trade and geopolitics, and the onset of the Q3 FY26 earnings season. Selling pressure was evident in select heavyweight stocks, although gains in the banking, pharmaceutical, and IT sectors helped stem further losses. Trent shares notably underperformed, dropping 8.4% after the company's business update for the third quarter fell short of market expectations. Reliance Industries also faced a setback, declining 4.3%, following an announcement that the company does not anticipate receiving any Russian crude oil shipments in January and has not received any such cargoes in the preceding three weeks. This development coincides with a fresh warning from US President Donald Trump urging India to reduce its Russian oil imports or risk facing increased tariffs. Among the top performers were ICICI Bank, Sun Pharma, Hindustan Unilever (HUL), and TCS.

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