The BSE Sensex fell 398 points, or 0.5%, to 84,704 in Tuesday morning trade, extending losses from the previous session and hitting its lowest level in two weeks amid concerns over US–India trade negotiations. US Treasury Secretary Scott Bessent said on Tuesday that Washington is still working toward a trade deal with India, while reports indicated that the US may impose tariffs on rice imported from India. Traders were also cautious ahead of the Fed’s interest rate decision on Wednesday. The broader market tracked a decline on Wall Street overnight as investors reassessed the 2026 Fed policy path. The Nifty 50 also dropped 0.5% to below 26,000, while small-caps and mid-caps fell 0.8% and 0.5%, respectively. All sectors traded in the red, led by tech stocks, which slid 1.4%, followed by metals, financial services, and banking. Among the bottom performers were Asian Paints (-3.5%), Tata Motors (-1.8%), Tata Steel (-1.6%), Mahindra & Mahindra (-1.6%), and TCS (-1.5%).
