India’s benchmark equity indices, the Sensex and Nifty50, surrendered their early gains and finished lower on Tuesday. The decline was driven by major stocks like Reliance Industries, along with weakness in the financial and IT sectors.

Additionally, a higher-than-expected inflation report for September dampened expectations for a domestic interest rate cut this year, further affecting investor sentiment.

The BSE Sensex dropped 153 points, or 0.19%, closing at 81,820, while the NSE Nifty fell 70 points, or 0.28%, to finish at 25,057.