The SENSEX Index Closes 0.33% Lower

India’s BSE Sensex closed about 0.3% down at 76,478.7 on Tuesday, the second day of losses, amid caution on US-Iran negotiations and as investors booked profits ahead of the June-quarter earnings season. IT stocks and financials led losses, while autos outperformed. Infosys, TCS, HCLTech and Tech Mahindra posted losses between 2.1% and 3.5%, amid concerns over potentially higher US interest rates. Other laggards included ITC (-1.3%), Hindustan Unilever (-1.3%), SBIN (-0.9%), Axis Bank (-0.9%), ICICI Bank (-0.8%) and Tata Steel (-0.8%). On the flip side, Maruti Suzuki emerged as the top gainer, climbing 5.1%, after global brokerage Jefferies upgraded the stock to “Buy” from “Hold” and raised its target price. Titan, Bajaj Finance, Eternal, Adani Ports also posted solid gains, rising between 1.9% and 2.9%. The benchmark index added 2.3% for the month and has gained 6.3% on a quarterly basis.

The SENSEX Index decreased 250 points or 0.33 percent on Tuesday to close at 76479 points. The decline was led by Tata Consultancy (-3.09%), Infosys (-2.97%) and HCL Tech (-2.76%). On the upside, the strongest performers were Maruti Suzuki (5.50%), Titan Company (3.41%) and Bajaj Finance (2.54%).

India’s BSE Sensex fell about 0.3% to 76,466 on Tuesday, extending losses for a second day despite easing crude oil prices and broadly supportive global cues. Meanwhile, HDFC Bank was in focus after appointing Rajiv Kumar as part-time chairman and Puneet Sharma as chief financial officer, effective Dec. 1, as part of a management reshuffle following the previous chairman's unexpected resignation earlier this year. Investors also tracked company-specific news, with Sterling and Wilson Renewable Energy shares gaining 1.2% after the company secured a $560 million solar project in Egypt, while Jagsonpal Pharmaceuticals surged 12.9% following reports that it had agreed to acquire an 85% stake in Aequitas Healthcare. Early losers included Genus Power (-7%), RR Kabel (-6.2%), Eicher Motors (-5.3%), Infosys (-2.6%), and TCS (-2.4%), while the top performers were Saksoft (8.9%), Ola Elec (7.5%), and Ramco (6.8%).