MARKET TRADES MARGINALLY LOWER; FINANCIAL SERVICES SHARES EXTEND LOSSES FOR FIFTH STRAIGHT DAY

Domestic equity benchmarks traded slightly lower in mid-morning trade, with the Nifty slipping below the 23,350 mark. Financial services stocks extended their decline for a fifth consecutive trading session, weighing on overall market sentiment.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 73.42 points or 0.10% to 74,193.93. The Nifty 50 index lost 41.20 points or 0.18% to 23,336.75.

In the broader market, the BSE 150 MidCap Index fell 0.34% and the BSE 250 SmallCap Index shed 0.27%.

The market breadth was negative. On the BSE, 1,815 shares rose and 2,017 shares fell. A total of 221 shares were unchanged.

Buzzing Index:

The Nifty Financial Services index dropped 1.17% to 24,716.40. The index tanked 5.30% in five consecutive trading sessions.

SBI Cards & Payment Services (down 3.08%), BSE (down 2.6%), Bajaj Finserv (down 2.44%), Bajaj Finance (down 2.39%), Max Financial Services (down 2.17%), Cholamandalam Investment & Finance Company (down 2.14%), Power Finance Corporation (down 2.05%), REC (down 1.99%), Muthoot Finance (down 1.92%) and Shriram Finance (down 1.88%) declined.

On the other hand, HDFC Bank (up 0.11%) and Kotak Mahindra Bank (up 0.11%) edged higher.

Stocks in Spotlight:

Hero MotoCorp rose 0.62%. The company reported dispatches of 570,068 units in May 2026, registering a 12.28% year-on-year (YoY) increase compared with 507,701 units in May 2025.

Acme Solar Holding jumped 7.79% after the company�s board approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 294.13 per share

Dee Development Engineers gained 4.74% after the company said that it has secured contracts aggregating to Rs 206.55 crore from a public sector Maharatna EPC conglomerate of power sector.

Global Markets:

Asian markets traded largely lower on Tuesday, as investors weighed renewed uncertainty over U.S.-Iran peace negotiations.

U.S. President Donald Trump on Monday shrugged off the possibility that peace talks with Iran could fall apart, reportedly telling the media, "I don�t care if they�re over, honestly.�

Trump was responding to a question about reports earlier Monday that Iranian negotiators were considering ending discussions with Washington and moving to �completely block� the Strait of Hormuz in response to Israel�s military campaign in Lebanon targeting the Iran-backed Hezbollah group.

When asked whether Iranian officials had informed him that they would no longer continue negotiations, Trump replied, "No, they haven�t."

Overnight on Wall Street, the S&P 500 rose even as oil prices advanced, with Nvidia leading technology higher following the launch of a new chip for PCs.

The broad market index advanced 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to close at 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, and ended at 51,078.88. All three indexes reached new all-time intraday highs and closed at records.

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