After opening on a negative note, Indian benchmark indices extended their downward momentum throughout the session, ending in the red.

The BSE and the NSE benchmark indices settled in red on Tuesday amid concerns around further escalation in the India-Pakistan conflict and impact of US-China trade talks.

At the closing bell, the BSE Sensex  closed lower by 1,218 points (down 1.5%)

Meanwhile, the NSE Nifty closed points 346 lower (down 3.8%)

Sun Pharma, Adani Ports, Bajaj Finance among the top gainers today

Infosys, HCL Tech, and Bharti Airtel, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,623, higher by 438 points at the time of writing.

The BSE MidCap index ended 0.2% higher, and the BSE SmallCap index ended 0.9% higher.

Sectoral indices were trading mixed today, with stocks in the media sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the healthcare and services sector witnessed buying.

The rupee is trading at Rs 85.3 against the US$.

Gold prices for the latest contract on MCX are trading 1.2% higher at Rs 94,032 per 10 grams.

Meanwhile, silver prices were trading 2.1% higher at Rs 97,355 per 1 kg.

Here are five reasons why Indian Markets are falling today:

# 1 Tariff Concerns

India has asked the World Trade Organisation to impose retaliatory tariffs on the US due to Trump's steel and aluminium tariff, raising concerns about a potential trade war despite ongoing US-India negotiations.

#2 Profit booking after a 4% rally

Indian stock market surged nearly 4% after India-Pakistan tension eased, driven by short-covering and retail investors buying. However, institutional buying was limited.

#3 US-China trade deal

Tension arises as US-China trade deal might bring down Indian stock market as it could lead to foreign investors selling Indian stocks and buying Chinese ones instead.

#4 India-Pakistan Concerns

Ongoing India-Pakistan tension are causing market anxiety. After PM Modi's warning to Pakistan, investors are worried about potential retaliation action from Pakistan, further impacting the market.

#5 Fresh momentum missing in market

The Indian markets lack a new catalyst to keep rising due to uncertainty over India-Pakistan tensions. Investors are shifting from large cap stock to mid and small cap stocks seeking better returns.
 

Zaggle Prepaid Shares Surges Post Q4

In the news from IT sector, shares of Zaggle Prepaid shares surged 8% on Tuesday as company reported a 67% rise in its Q4FY25.

The company's net profit rose 66.8% to Rs 0.3 billion (bn) of Q4FY25 and revenue from operations rising 50.5% to Rs 4.1 bn.

The company's profit before tax (PBT) grew 62.2% to Rs 0.4 bn and EBITDA rose 34.6% to Rs 0.3 bn. However, EBITDA margin slightly decreased to 8.9% due to increased costs.

Zaggle Prepaid expects strong growth, projecting a 35-40% increase in revenue for FY26. Chairman Raj P Narayanam emphasized their focus on expanding margins through operational efficiencies and cross-selling opportunities.

The company's net profit nearly doubled rising 98.7% to Rs 0.8 bn driven by a 68% increase in revenue to Rs 13.1 bn in FY25.

Zaggle is a leading FinTech company specializing in spend management. It has issued over 50 million prepaid cards with top banks and serves 3 million users.

It offers a range of software solutions, including expenses management, payments and rewards, designed to meet various business needs.

UPL Shares Fall Despite Profit Surge

Moving on to the news from agrochemical sector, shares of UPL dropped 5% to Rs 641.4 after the company announced its Q4FY25.

The company reported a strong Q4FY25 results with revenue growing 10.6% to Rs 155.7 bn and EBITDA surging 68% to Rs 32.4 bn compared to the same quarter last year.

Net profit jumped to Rs 89.6 bn from Rs 4 bn last year. The company's net debt decreased by Rs 83.2 bn to Rs 138.6 bn driven by strong cash flow and capital transaction.

Also, the board of director has recommended a final dividend of Rs 6 per share for FY25.

UPL is global agrochemical company offering crop protection solutions. They manufacture and market various chemicals and pesticides, employing 13000 people worldwide, with a vast portfolio of over 14,000 registered products.

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