Sensex falls over 200 points led by FMCG, IT stocks; Nifty below 25,750
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After opening on a positive note, Indian equities slipped into the red territory on Tuesday. The gains from the optimism surrouding U.S. trade developments were reversed by the losses in FMCG and IT stocks. By 9:30 a.m., the Sensex had reversed course, falling 200 points, or 0.23%, to 83678.17, while the Nifty 50 went past the 25,700 level, as investors turned cautious after the opening uptick. On the 30-stock Sensex, gains were led by Eternal, Tech Mahindra, State Bank of India, Bharat Electronics, HDFC Bank and Titan, with the shares advancing between 0.4% and 3%. IT stocks outperformed, with the index rising 0.6%. Tata Consultancy Services edged up 0.2% and HCL Technologies climbed 1% after both companies reported a modest revenue beat for the December quarter. The advance was broad-based, with small-cap and mid-cap indices each adding about 0.4%. Live Events In the previous session, both the Sensex and the Nifty rose roughly 0.4% as e...