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Indian markets keep sliding; Nifty dips below 25,900

Business

Indian stock markets slipped for the third day straight on Tuesday, with the Nifty 50 closing at 25,884.8 and Sensex ending at 84,587.01.
Investors are locking in profits after recent highs, while persistent foreign selling continues. The monthly derivatives expiry also occurred.

What's moving (and what's not)

Even though the main indices dropped, small-cap and mid-cap stocks managed slight gains.
Oil companies like BPCL, HPCL, and Indian Oil lost ground after a downgrade from Investec.
Meanwhile, Glenmark Pharma jumped over 2% thanks to a new product launch.
On a brighter note, real estate and PSU bank stocks got a boost after the RBI hinted at possible rate cuts—helping those sectors buck the downtrend.