The SENSEX Index Closes 0.44% Lower

India’s BSE Sensex closed about 0.4% down at 74,529.1 on Tuesday, after a choppy session, reversing the prior's day advance. Weakness in financials and tech stocks weighed, despite some relief from the pullback in oil prices. Meanwhile, investors were watching for possible diplomatic engagement between the US and Iran at the United Nations General Assembly this week. US President Trump is set to speak later today and said he was open to meeting Iranian President Masoud Pezeshkian. Traders also eyed the National Stock Exchange IPO, which drew over $10 billion in bids and was subscribed 5.71 times, with shares set to debut on Thursday. Bajaj Finserv (-1.6%), Bajaj Finance (-1.5%), Trent (-1.5%), Sun Pharma (-1.3%) and TCS (-1.1%) were the top losers. Infosys (-1%), HCL Tech (-0.8%) and Tech Mahindra (-0.5%) came under pressure as CLSA and Goldman Sachs pointed to weak demand weighing on the medium-term outlook. On the flip side, Eternal (1.9%) and IndiGo (1.6%) posted the biggest gains.

The SENSEX Index decreased 330 points or 0.44 percent on Tuesday to close at 74529 points. The decline was led by Nestle India (-1.36%), Bajaj Finserv (-1.23%) and Bajaj Finance (-1.21%). On the upside, the strongest performers were Titan Company (1.52%), Eternal Limited (1.39%) and Tata Steel (0.79%).

India’s BSE Sensex fell about 0.2% to 74,736 on Tuesday, erasing gains from the earlier session, as declines in financial and technology stocks weighed on the benchmark. The index fell despite easing oil prices, with Brent crude trading around $101 a barrel after declining for four consecutive sessions, helping ease some pressure on oil-importing India. US President Donald Trump said he was open to meeting Iranian President Masoud Pezeshkian in New York this week. Meanwhile, investors focused on the National Stock Exchange IPO, which drew over $10 billion in bids and was subscribed 5.71 times, with shares set to debut on Thursday. Notable laggards included Infosys (-1.4%), TCS (-0.9%), LTM (-3.6%), ICICI Bank (-0.4%), and State Bank of India (-0.7%). On the upside, Coal India rose about 3.1% after Morgan Stanley upgraded the stock to “overweight” on a stronger earnings outlook. Pace Digitek jumped about 10.5% after winning a 4.88 billion-rupee order from an NTPC unit.