Benchmark indices Nifty 50 and Sensex declined on Tuesday, reacting to Reliance Industries’ second-quarter results and domestic inflation data pointing to increasing prices.

The Nifty slipped 70.60 points to close at 25,057.35, and the Sensex fell 152.93 points, finishing at 81,820.12. However, both indices stayed above key levels, with Nifty above 25,000 and Sensex above 81,800.

The Nifty Midcap 100 index gained 127.80 points, closing at 59,593.25, while the Nifty Bank rose by 89.10 points to 51,906, showing positive sentiment in smaller stocks.

Oil marketing companies gained 2-4% due to falling crude prices, while the auto sector faced challenges, with Bajaj Auto as the top loser ahead of its earnings report.

Wipro faced profit booking after its recent bonus issue announcement, while Asian Paints and Berger rose 1-2% as falling crude prices boosted paint stocks.

HDFC Life dropped 3% following below-expectation Q2 results, while HCLTech gained after reporting strong quarterly results. Divis Laboratories fell 2% after a US court rejected Novartis’ plea concerning the Entresto drug.

Angel One surged 18% on strong Q2 profit and revenue growth. PVR Inox rose 2% after positive Q2 results, and Sunteck Realty jumped 7% following a strong business update. Sterling & Wilson hit a 5% upper circuit as it turned profitable in Q2.

Ola Electric shares increased 3% after reporting a market share boost to 34% as of 14th October.

Newgen Software and DB Corp dropped up to 6% each after disappointing Q2 results.

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