NIFTY TRADES BELOW 25,100 LEVEL; EUROPEAN MRKT DECLINE

The key equity barometers traded with substantial losses in the early-afternoon trade. The Nifty traded below the 25,100 level. All sectoral indices traded in the negative, with PSU bank and metal stocks bearing the maximum losses.

At 12:30 ST, the barometer index, the S&P BSE Sensex, dropped 445.46 points or 0.54% to 81,881.59. The Nifty 50 index declined 132.65 points or 0.53% to 25,094.70.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.82% and the S&P BSE Small-Cap index tanked 1.03%.

The market breadth was weak. On the BSE, 1,195 shares rose and 2,868 shares fell. A total of 153 shares were unchanged.

The NSE`s India VIX, a gauge of the market`s expectation of volatility over the near term, rallied 5.20% to 11.58.

Gainers & Losers:

Tata Motors (up 1.90%), Tech Mahindra (up 1.21%), Wipro (up 1.11%), Apollo Hospitals Enterprise (up 0.74%) and Max Healthcare Institute (up 0.67%) were the major Nifty50 gainers.

Tata Steel (down 2.09%), Bajaj Finance (down 2%), Hindalco Industries (down 1.95%), Axis Bank (down 1.69%) and JSW Steel (down 1.80%) were the major Nifty50 losers.

Stocks in Spotlight:

Lotus Chocolate Company slumped 12.30% after the company�s standalone net profit tumbled 72.46% to Rs 1.44 crore in Q2 FY26 as against Rs 5.23 crore posted in Q2 FY25. However, revenue from operations rose 25.05% to Rs 160.43 crore in the second quarter of FY26 from Rs 128.29 crore recorded in Q2 FY25.

Den Networks slipped 4.34% after the cable TV distributor consolidated net profit fell 32.44% to Rs 35.16 crore in Q2 FY26 as against Rs 52.05 crore posted in Q2 FY25. However, revenue from operations declined 3.07% year on year to Rs 241.43 crore posted in Q2 FY26.

Indian Renewable Energy Development Agency (IREDA) added 3.40% after its consolidated net profit rallied 41.67% to Rs 549.33 crore on 26.24% increase in total revenue from operations to Rs 2,057.28 crore in Q2 FY26 over Q2 FY25.

Landmark Cars jumped 9.24% after the company�s total revenue from operations (including agency sales) jumped 30.52% to Rs 1,655 crore in Q2 FY26, compared with Rs 1,268 crore in Q2 FY25.

Global Markets:

European market opened lower on Tuesday, reversing largely positive sentiment at the start of the week, despite the threat of a new trade dispute between the U.S. and China.

Asian shares traded mixed after U.S. President Donald Trump struck a softer tone toward China, helping to ease some of the trade-related tensions that rattled investors last week.

In China, shares of chipmaker Wingtech Technology plunged 10% at the open, hitting the daily limit for a second consecutive session, after the Dutch government took control of its Netherlands-based subsidiary Nexperia.

The Netherlands� Minister of Economic Affairs announced on October 12 that the move�made under the Goods Availability Act in September�was aimed at �preventing a situation in which the goods produced by Nexperia would become unavailable in an emergency.�

Nexperia plays a crucial role in Europe�s semiconductor supply chain, producing high-volume chips used in automobiles, consumer electronics, and industrial products.

Elsewhere in Asia, Singapore�s economy expanded 2.9% in the third quarter, according to preliminary government data released Tuesday, moderating from 4.4% growth in the previous quarter.

Overnight in the U.S., major indices rebounded sharply after Trump�s conciliatory comments. �Don�t worry about China; it will all be fine!� he posted on Truth Social Monday, following weeks of tit-for-tat trade restrictions.

China has recently imposed fees on U.S. ships docking at its ports�a retaliatory move mirroring Washington�s new charges on Chinese vessels�with both sets of fees taking effect Tuesday.

The Dow Jones Industrial Average climbed 587.98 points, or 1.29%, to 46,067.58, recovering roughly two-thirds of its losses from Friday. The S&P 500 gained 1.56% to 6,654.72, while the Nasdaq Composite surged 2.21% to 22,694.61, buoyed by a strong rebound in technology shares.

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