By Bharath Rajeswaran and Vivek Kumar M
(Reuters) -India’s equity benchmarks inched lower on Tuesday as markets consolidated after last month’s sharp rally, with profit-booking in heavyweight financials and IT stocks overpowering gains in Bharti Airtel and Titan Company.
The Nifty 50 eased 0.3% to 25,684.55, while the BSE Sensex fell 0.27% to 83,747.57, as of 10:24 a.m. IST.
Thirteen of the 16 major sectors logged losses. The broader small-caps and mid-caps fell 0.3% and 0.1%, respectively.
Heavyweight financials and state-owned lenders fell about 0.4% each, while IT index lost 0.6%.
Among individual stocks, Bharti Airtel rose 2% after India’s second-largest mobile carrier by number of users posted a surge in quarterly profit.
Titan Company gained 2% after reporting higher-than-expected profit in the September quarter.
Analysts expect the benchmarks to consolidate near current levels after a sharp 4.5% rise in October.
“Markets are seeing some profit-booking after the recent sharp rally triggered by tax cuts and improving earnings outlook,” said Sandip Raichura, executive director and CEO of retail and distribution at Prabhudas Lilladher.
“The construct for domestic equities continues to remain positive, but markets await further improvement in results in the ongoing December quarter and resolution of trade uncertainty to clock fresh record highs.”
Hero MotoCorp fell 3% after the two-wheeler maker’s domestic wholesale volumes declined 8% on a year-on-year basis in October 2025. Hero MotoCorp was the top drag in auto index, which slipped 0.7%.
Arvind Smartspaces lost 3.4% after the real estate developer posted a 65% drop in net profit in the September quarter.
JK Paper declined 4.2% after the paper manufacturer posted a 42% fall in its second-quarter net profit.
On the flipside, Marine Electricals rose 4.1% after the marine electrical systems manufacturer logged a 30% rise in the September quarter profit.
Hitachi Energy India jumped 11% after the power and energy technology company posted a five-fold rise in second quarter profit.
(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Rashmi Aich, Sumana Nandy and Nivedita Bhattacharjee)
