MUMBAI: Indian equity benchmarks slipped from near record highs on Tuesday, weighed down by heavyweight stocks Reliance Industries and HDFC Bank, while quarterly business updates drove stock-specific moves.
The Nifty 50 fell 0.27 percent to 26,178.7 and the Sensex lost 0.44 percent to 85,063.34. The indexes are down 0.6 percent and 0.8 percent in two sessions.
Ten of the 16 major sectors gained. Small-caps and mid-caps dropped 0.2 percent each.
Reliance Industries, the second-heaviest stock on the benchmarks, slid 4.5 percent, its steepest one-day percentage fall since June 4, 2024, when India’s general election results were announced.
The decline followed Reliance’s statement that it does not expect Russian crude deliveries in January after US President Donald Trump warned Washington could raise tariffs on India over its oil purchases.
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