India’s BSE Sensex fell about 0.8% to 82,650 in morning trade on Tuesday, retreating from recent gains as weakness in US equities and persistent tariff uncertainty weighed on sentiment. The index, led lower by local tech stocks, followed Wall Street’s steep declines amid renewed trade policy concerns and worries over AI-driven disruption in technology and software shares. Oil prices also strengthened to multi-month highs amid persistent US-Iran geopolitical tensions, compounding concerns over cost pressures and global economic stability. Meanwhile, planned government IPOs of state-run companies could boost market liquidity and spark interest in energy, railways, and infrastructure. All sectors began trading in the red, with the biggest laggards including Persistent Systems (-3.2%), Eternal (-3.2%), Infosys (-3%), HCL Tech (-3%), and Tata Consultancy (-2.6%).
