13.01.202611:06:55UTC+00Indian Stocks Fall on Tuesday

India's BSE Sensex concluded Tuesday's session down by approximately 0.3%, settling at 83,628, effectively reversing the gains recorded on Monday. This downturn was influenced by profit-taking activities, continuous foreign capital outflows, and the expiration of derivatives contracts. Investors exhibited caution amidst the upcoming trade discussions between the US and India, the release of ongoing third-quarter earnings results, and evolving geopolitical situations. Notably, on Monday, President Trump announced that any nation conducting business with Iran would incur a 25% tariff on trade with the United States—a decision poised to affect major trading partners of Tehran, including India, China, and the UAE. The spotlight now shifts to a critical US inflation report, which might sway the Federal Reserve's future policy decisions. In corporate earnings, both TCS and HCL Tech revealed declines in profits for the December quarter, as reported on Monday. In the stock market, Trent faced significant losses, dropping 3.7%, followed closely by Larsen & Toubro, which decreased by 3.2% after reports surfaced that Kuwait might retract the company's oil project tenders valued at $8.7 billion. Additionally, market heavyweights such as Reliance Industries, Bharti Airtel, ITC, and Axis Bank contributed to the negative pressure on the index.