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The Nifty IT index closed 0.47 per cent down at 37644.4.

Roshni Nadar Malhotra becomes India s third-richest individual after receiving a 47% stake in HCL Corporation and Vama Delhi from her father, Shiv Nadar. The succession move cements her majority control over HCLTech and HCL Infosystems.

Indian markets closed lower on Tuesday amid volatility. Sensex fell over 200 points, and Nifty50 ended below 22,500. FMCG stocks gained, while realty, capital goods, and oil & gas sectors declined. Avanti Feeds and Aavas Financiers posted strong gains.

Nifty ended a three-day winning streak, closing lower due to weakness in Reliance and IndusInd Bank.

The rupee depreciated by 38 paise, its steepest fall in over a month, to close at 87.33 (provisional) against the US dollar on Monday due to volatile crude oil prices amid tariff uncertainties worldwide and unabated outflow of foreign funds.

Infrastructure investment trust Capital Infra Trust has announced raising Rs 2,363 crore through debt securities to strengthen its financial position. Established in September 2023, Capital Infra Trust InvIT is sponsored by Gawar Construction Limited.

The Nifty Auto index was trading 0.29 per cent down at 20949.0.

Jitendra Sriram, Senior Fund Manager at Baroda BNP Paribas MF, discusses the shift from fiscal and monetary tightening to easing, boosting market performance. He sees potential in banking sectors due to reasonable valuations and re-rating opportunities in consumer services and private banks, while capital goods and markets could face derating. Earnings outlook for FY26 looks more favorable.

The Indian rupee posted its sharpest single-day drop in two weeks on Monday, pressured by dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) and weakness in the Chinese yuan.

Shares of Ola Electric Mobility dropped 5% to Rs 53.78 on Monday after a report revealed the company faced raids and seizures for alleged regulatory violations. Bloomberg highlighted that 95% of its showrooms lacked the necessary certifications under India s Motor Vehicles Act. Despite expanding to 4,000 stores, only around 100 out of 3,400 showrooms had proper trade certificates.