On Tuesday, Indian stock indices experienced a slight downturn, retracting early morning gains as investors sought more information regarding Donald Trump's approach to trade policies and tariffs.
The leading index, S&P BSE Sensex, witnessed a decrease of 96 points, reflecting a 0.1 percent loss to conclude at 76,977. Meanwhile, the broader NSE Nifty index remained mostly stable, closing at 23,354.
Gains were observed in companies such as UltraTech Cement, Shriram Finance, Hindalco, Apollo Hospitals Enterprise, and BPCL, each rising between 1 and 3 percent. In contrast, shares of Kotak Mahindra Bank, Adani Ports, Adani Enterprises, and Trent all recorded declines of around 1 percent.
Dixon Technologies India saw a steep drop of 9 percent, despite announcing robust third-quarter earnings. Similarly, Oberoi Realty's shares declined by 5.3 percent, even as the company reported a significant 72 percent increase in year-on-year net profit.
MCX shares fell by 5.5 percent after failing to meet market expectations for its third-quarter net profit. Vodafone Idea's stock price decreased by 3 percent, with the company clarifying it has not received any governmental communication regarding the potential waiver of AGR dues.
Conversely, Cipla's shares rose approximately 1 percent following its Goa facility receiving a Form 483 with a single observation from the U.S. FDA.
