India’s BSE Sensex slipped about 0.3% to 76,466 on Tuesday, extending its decline for a second consecutive session, even as crude oil prices eased and global market sentiment remained broadly positive.
HDFC Bank was in the spotlight after it named Rajiv Kumar as part-time chairman and Puneet Sharma as chief financial officer, effective December 1, as part of a management reshuffle triggered by the unexpected resignation of the previous chairman earlier this year.
Investors also reacted to stock-specific developments. Shares of Sterling and Wilson Renewable Energy rose 1.2% after the company won a $560 million solar project in Egypt, while Jagsonpal Pharmaceuticals jumped 12.9% on reports that it agreed to acquire an 85% stake in Aequitas Healthcare.
On the downside, early laggards included Genus Power (-7%), RR Kabel (-6.2%), Eicher Motors (-5.3%), Infosys (-2.6%), and TCS (-2.4%). Among the top gainers were Saksoft (8.9%), Ola Elec (7.5%), and Ramco (6.8%).
