Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.

Indian equity benchmarks, Sensex and Nifty50, fell for a second straight session on Tuesday, led by a decline in the shares of heavyweight stocks such as Reliance Industries (RIL) and Trent.

At the closing bell, the BSE Sensex closed lower by 376 points (down 0.4%).

Meanwhile, the NSE Nifty closed 71 points lower (down 0.3%).

ICICI Bank, Sun Pharma, and HUL are among the top gainers today.

Trent, Reliance Industries, and ITC, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  26,267, lower by 57 points at the time of writing.

The BSE MidCap index ended 0.2% lower, and the  BSE SmallCap index ended 0.4% lower.

Sectoral indices are trading mixed today, with stocks oil & gas sector and the service sector witnessing selling pressure. Meanwhile, stocks in the metal and healthcare sectors witnessed buying.

The rupee is trading at Rs 89.9 against the US$.

Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 138,199 per gram.

Meanwhile, silver prices were trading 0.5% higher at Rs 247,427 per 1 kg.
 

IndusInd Bank Q3 Updates

In the news from banking sector, shares of IndusInd Bank came into focus after the company reported its Q3 results.

IndusInd Bank reported net advances of Rs 3,188.4 billion as of December 31, 2025, which were 13.1% lower than a year ago and 2.2% lower compared to the previous quarter, according to its exchange filing.

Total deposits stood at Rs 3,940.2 billion at the end of the December quarter, showing a 3.8% decline year-on-year, but a 1.1% increase over the previous quarter.

The bank's CASA ratio, which reflects low-cost deposits, eased to 30.3% as of 31 December 2025, compared with 30.7% in September 2025 and 34.9% a year earlier.
 

MOIL Shares Rise in Record Output

Moving on to the news from metal & mining sector, shares of MOIL came into focus the company announced that it has achieved its best-ever production figures for both the third quarter and the first nine months of the financial year FY 2025-26 (Apr-Dec).

During the third quarter of FY 2025-26, MOIL produced a record 4.77 lakh tonnes of manganese ore, which was about 3.7% higher than the same period last year.

This is the highest production the company has ever achieved in any third quarter since it began operations.

Building on this performance, MOIL also reported its best-ever production for the first nine months of the financial year at 14.21 lakh tonnes, marking a 6.8% increase over the corresponding period last year.

The strong growth in output was driven by better mine planning, disciplined operations, increased use of machinery, and the dedicated efforts of employees across all its mines.
 

Tata Motors Shares Slide on JLR Issues

Moving on to the news from auto sector, shares of Tata Motors Passenger Vehicle came into focus after it reported that JLR's third-quarter sales were impacted by a cyber incident and incremental US tariffs.

Tata Motors Passenger Vehicles said that Jaguar Land Rover's (JLR) wholesale and retail sales fell both year-on-year and quarter-on-quarter, mainly due to a cyber incident in November, the planned phase-out of older Jaguar models ahead of new launches, and the impact of higher US tariffs on exports.

In the December quarter, wholesale volumes declined to 59,200 units, down 43.3% from last year and 10.6% from the previous quarter, with sharp drops seen across key markets such as North America, Europe, China, and overseas regions.

The share of Range Rover, Range Rover Sport, and Defender models increased to 74.3% of total wholesale volumes, though this was lower than the previous quarter.

Retail sales for the quarter fell to 79,600 units, including China JV volumes, marking a 25.1% year-on-year and 6.7% sequential decline, with sales falling across all regions, including the UK, North America, Europe, China, and other international markets.

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