Indian stock markets commenced Tuesday's trading with a downturn, influenced by weak global market signals arising from concerns about U.S. President-elect Donald Trump's protectionist stance and the future trajectory of interest rates.
In early trading, the benchmark S&P/BSE Sensex depreciated by 498 points, or 0.6%, standing at 77,749, while the broader NSE Nifty index decreased by 128 points, or 0.5%, settling at 23,517.
Tech sector equities, including HCL Technologies, TCS, Tech Mahindra, and Infosys, each declined approximately 2%.
Adani Enterprises experienced a 2.2% fall following its decision to divest its entire 44% interest in the FMCG joint venture, Adani Wilmar.
Adani Green Energy saw a nearly 3% drop upon the revelation that CEO Amit Singh will be stepping down to assume a new position within the group.
RVNL, however, surged by 2.5% after being recognized as the lowest bidder for a Central Railway project valued at Rs. 137 crore.
Easy Trip Planners faced a 9% plunge amid reports that promoter Nishant Pitti intends to divest up to a 14.21% stake in the company through block deals.
Mazagon Dock Shipbuilders dropped 1.5%, despite securing a contract valued at Rs. 1,990 crore from the Defence Ministry.
Lupin experienced a slight decline following its acquisition of Huminsulin in India from Eli Lilly and Company to bolster its diabetes product lineup.
