Closing Bell: Sensex snaps 2-day winning streak, ends 156 pts lower; Nifty slips below 24,400. Adani Enterprises, Jio Financial drop 4% each.
Indian benchmark indices opened flat on Tuesday, as early gains in M&M and BHARTIARTL l were offset by losses in RELIANCE and SUNPHARMA . Among the Sensex constituents, EICHERMOT , SUNPHARMA , TITAN , TATAMOTORS , and RELIANCE started the session in negative territory, while M&M , BHARTIARTL , NESTLEIND , HINDUNILVR , and AXISBANK posted early gains.
Sectoral View: The Nifty Pharma index declined over 1.3%, dragged down by AUROPHARMA , LUPIN , and CIPLA . The sector came under pressure after U.S. President Donald Trump signed an executive order aimed at boosting domestic production of prescription drugs and suggested potential tariffs on imported medicines.
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