FX.co ★ Sensex Falls for Third Session

The Indian stock market declined by 188 points, or 0.2%, reaching 81,871 on Tuesday morning, marking its third consecutive session of losses primarily due to underperformance in the healthcare, technology, and financial sectors. After experiencing a significant rally last week, the markets have been consolidating for a third day, with traders keenly anticipating Hindalco's and other Q4 earnings results expected later today. Meanwhile, U.S. futures showed a slight upward trend as investors gauged the impact of Moody's decision to downgrade the U.S. sovereign credit rating. Providing some support to the market downturn was China's decision to implement a 10 basis point rate cut, aimed at stimulating GDP growth, as it remains India's primary trading partner. The Nifty 50 index fell 0.2%, dipping below 24,900, with significant declines from companies such as HDFC Bank (-1.1%), Mahindra & Mahindra (-0.9%), Maruti Suzuki (-0.7%), and Kotak Mahindra Bank (-0.7%).