Indian Equities Drop on Tuesday as Profit Booking, Weak Rupee Pressure Markets

MT Newswires Live12-02

Indian equities declined for a second straight session on Tuesday as investors booked profits at higher levels, with weakness in the rupee and continued foreign investor outflows weighing on sentiment.

Caution persisted as the absence of fresh domestic triggers limited risk appetite, keeping benchmark indices under pressure through the session.

At close, the BSE Sensex fell 503.63 points, or 0.6%, to 85,138.27, while the NSE Nifty 50 dropped 143.55 points, or also 0.6%, to 26,032.20.

Interglobe Aviation (NSE:INDIGO, BOM:539448), HDFC Bank (NSE:HDFCBANK, BOM:500180) and Reliance Industries (NSE:RELIANCE, BOM:500325) led the laggards.

Asian Paints (NSE:ASIANPAINT, BOM:500820) was the top gainer, rising more than 3%, followed by Dr. Reddy's Laboratories (NSE:DRREDDY, BOM:500124) and Maruti Suzuki India (NSE:MARUTI, BOM:532500).

In corporate developments, ITCONS E-Solutions (BOM:543806) secured a manpower outsourcing services order worth 3.1 million Indian rupees from the Centre for Development of Telematics for deploying 10 resources for one year starting Jan. 1, 2026, according to a Tuesday BSE filing.

Bondada Engineering (BOM:543971) commissioned 48.47 MWp of solar power projects on Nov. 30 across multiple sites in Maharashtra and Tamil Nadu for Paradigm IT, MAHAGENCO, and NLC, according to a Tuesday filing to the Indian bourses.

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