Sensex falls 70 points, Nifty closes below 23,400 as HUL, BEL, other stocks react to Q1 earnings

Indian stock markets closed lower on Tuesday after erasing early gains. Sensex and Nifty experienced a slight decline, while broader markets showed mixed performance. IT stocks rallied significantly, driven by global sentiment shifts and attractive valuations. Analysts noted cautious investor sentiment ahead of central bank policy meetings. Improving monsoon conditions and Q1 FY27 earnings supported…

How the rain gods impact the Indian economy

IDFC FIRST Bank Chief Economist Gaura Sengupta analyzes how El Nino and monsoon performance shape India’s economic growth and inflation. While expanding irrigation and a growing allied sector have reduced agriculture’s direct sensitivity to rainfall deficits, volatile weather and global pressures could still weigh on rural demand and push inflation higher.