FX.co ★ Sensex 50 Drops for 4th Session

The BSE Sensex decreased by 91 points, equivalent to a 0.1% drop, reaching 80,802 during Tuesday's morning trading session—marking its lowest point since early June. Simultaneously, the Nifty 50 index fell below the 24,700 mark amid ongoing foreign investment withdrawals, underwhelming first-quarter earnings, and the absence of significant progress on a potential interim trade agreement between the US and India as an important deadline approached. Investors maintained a cautious stance as they continued to observe US-India trade discussions, with negotiations anticipated to resume in August, aiming for a comprehensive trade agreement. Additionally, market caution was heightened by the impending interest rate decision from the US Federal Reserve later in the week. Sentiment took a further hit from Monday’s revealing data, which indicated that India's industrial production growth had slowed to its lowest rate in ten months. The downturn was primarily led by stocks in the technology and financial services sectors. Infosys emerged as the leading decliner, with a 0.7% dip, closely followed by Tata Consultancy Services, NTPC, and ICICI Bank, each experiencing a 0.5% drop.