The SENSEX Index Closes 1.17% Lower

India's BSE Sensex finished about 1.2% down at 82,320 on Tuesday, the lowest since early February, halting two straight sessions of gains. Losses were broad-based, led by IT stocks amid lingering global concerns over AI-driven disruption. US-based AI firm Anthropic recently launched powerful tools automating coding, documentation, and data, services traditionally handled by Indian IT firms. Autos and banks also faced pressure amid renewed uncertainty around US tariff policy alongside geopolitical risks. In the meantime, foreign investors have been returning to Indian equities over the past few weeks, but they are favoring sectors linked to domestic growth. Among top losers, Tech Mahindra fell 6.3% and HCL Technologies dropped 5.8%, while Infosys and TCS slipped 3.6% and 3.5%, respectively. HDFC Bank (-1.3%), ICICI Bank (-1%), and Axis Bank (-0.2%) all declined. On the upside, NTPC rose 2.1% and Hindustan Unilever 0.9%, indicating rotation into defensives and select cyclicals.

The SENSEX Index decreased -975 points or 1.17 percent on Tuesday to close at 82320 points. The decline was led by Tech Mahindra (-6.30%), HCL Tech (-5.83%) and Eternal Limited (-4.76%).

India’s BSE Sensex fell about 0.8% to 82,650 in morning trade on Tuesday, retreating from recent gains as weakness in US equities and persistent tariff uncertainty weighed on sentiment. The index, led lower by local tech stocks, followed Wall Street’s steep declines amid renewed trade policy concerns and worries over AI-driven disruption in technology and software shares. Oil prices also strengthened to multi-month highs amid persistent US-Iran geopolitical tensions, compounding concerns over cost pressures and global economic stability. Meanwhile, planned government IPOs of state-run companies could boost market liquidity and spark interest in energy, railways, and infrastructure. All sectors began trading in the red, with the biggest laggards including Persistent Systems (-3.2%), Eternal (-3.2%), Infosys (-3%), HCL Tech (-3%), and Tata Consultancy (-2.6%).