Indian stock markets experienced a second consecutive day of declines on Tuesday, influenced by ongoing tensions in the Middle East and the ambiguities surrounding the U.S. presidential election results.
The S&P/BSE Sensex index dropped by 185 points, equivalent to 0.2%, settling at 78,598 after experiencing its sharpest single-day loss in a month the prior day. Simultaneously, the broader NSE Nifty index fell by 50 points, or 0.2%, reaching 23,945.
Among individual stocks, Apollo Hospitals Enterprise, ITC, Shriram Finance, Trent, and Adani Ports decreased in value by 1-2%, whereas Hindalco, Tata Steel, and IndusInd Bank saw gains of over 1%. IRCTC's stock fell approximately 1%, as the company's second-quarter net profit showed only a marginal increase. Meanwhile, ABB India dropped 3.8% after quarterly earnings failed to meet analysts' expectations.
