FX.co ★ Sensex Ends on Negative Note

On Tuesday, India's BSE Sensex witnessed a decline of approximately 0.3%, closing at 84,673. This downturn came as investors opted to lock in profits following a six-day surge, aligning with a broader global trend of weak sentiment. The technology sector, particularly those with significant exposure to the US market, faced the most significant setbacks. Tech Mahindra and Infosys led these declines, falling by 2.2% and 1.3% respectively, amidst uncertainty surrounding a potential rate cut by the US Federal Reserve in December and ongoing concerns over AI stock valuations. Additionally, market participants remained cautious ahead of Nvidia's quarterly results and pending US economic data. Other significant stocks that reported losses included Eternal, Bajaj Finserv, Bajaj Finance, Adani Ports, and L&T, each experiencing declines between 1% and 1.5%. On a positive note, telecom giant Bharti Airtel stood out as the top performer, marking a 1.8% increase. Axis Bank, Asian Paints, and Power Grid also showed gains, rising by 1.3%, 0.6%, and 0.4%, respectively.