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20.01.202605:24:25UTC+00Indian Equities Sink to Over 3-Month Low

On Tuesday, the BSE Sensex declined by 254 points, or 0.3%, reaching 82,992, its lowest since October 15. This dip added to the previous session's losses as global trade tensions heightened and foreign capital continued to flow out. Provisional data revealed that foreign portfolio investors sold off Indian shares worth INR 32.63 billion on Monday. The broader market reflected the downward trend of its Asian counterparts, and US stock futures, following President Donald Trump's announcement of potential new tariffs on European nations. All sectors saw declines, especially technology stocks which fell by 1.3%. Wipro dropped 1.2%, continuing its decline from Monday after providing a weaker-than-anticipated fourth-quarter outlook. The Nifty 50 also decreased by 0.3%, falling below 25,500, with small-cap and mid-cap indices dipping 1.2% each. Notable declines were observed in IndusInd Bank (-2.9%), Bajaj Finance (-2.7%), Bajaj Finserv (-2.0%), Tech Mahindra (-1.6%), and Asian Paints (-1.4%).

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