FX.co ★ Indian Equities Begin Session Lower

India’s BSE Sensex slipped about 0.8% to 82,650 in early Tuesday trading, pulling back from recent highs as weakness in US equities and ongoing tariff uncertainty dampened investor sentiment. The index, dragged down primarily by domestic technology stocks, mirrored Wall Street’s sharp declines amid renewed concerns over trade policy and fears that AI-driven disruption could weigh on technology and software companies. At the same time, oil prices climbed to multi-month highs against the backdrop of persistent US-Iran geopolitical tensions, intensifying worries about rising cost pressures and broader global economic stability. On the positive side, the government’s planned IPOs of state-owned enterprises are expected to enhance market liquidity and potentially stimulate interest in energy, railway, and infrastructure counters. All sectors opened in negative territory, with the steepest losses seen in Persistent Systems (-3.2%), Eternal (-3.2%), Infosys (-3%), HCL Tech (-3%), and Tata Consultancy (-2.6%).