At 13:30 ST, the barometer index, the S&P BSE Sensex slipped 225.47 points or 0.30% to 76,252.29. The Nifty 50 index fell 51.85 points or 0.22% to 23,979.85.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.19% and the BSE 250 SmallCap Index jumped 0.41%.

The market breadth was positive. On the BSE, 2,203 shares rose and 1,852 shares fell. A total of 212 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 5.83% to 15.73.

Gainers & Losers:

Adani Enterprises (up 3.05%), Tata Motors Passenger Vehicles (up 2.28%), Coal India (up 1.88%) and Tech Mahindra (up 1.30%) were the major Nifty50 gainers.

Apollo Hospitals Enterprise (down 1.60%), Titan Company (down 1.42%), Kotak Mahindra Bank (down 1.13%) and Axis Bank (down 0.98%) were the major Nifty50 losers.

Stocks in Spotlight:

Rail Vikas Nigam (RVNL) declined 3.76% after the company's consolidated net profit fell 58.92% to Rs 187.07 crore on a 4.18% increase in revenue from operations to Rs 6,695.91 crore in Q4 FY26 over Q4 FY25.

Suprajit Engineering surged 7.20% after the company reported a 161.04% jump in consolidated net profit to Rs 71.11 crore in Q4 FY26, compared with Rs 27.24 crore posted in the same quarter last year.

Pine Labs fell 3.35%. The company reported a net profit of Rs 59 crore in Q4 FY26 as against a net loss of Rs 29 crore recorded in Q4 FY25. Revenue rose by 17% year-on-year (YoY) to Rs 701 crore during the period under review.

Man Industries (India) shed 0.03%. The company reported a 25.39% decline in consolidated net profit to Rs 50.85 crore on a 5.02% drop in revenue from operations to Rs 1,157.30 crore in Q4 FY26 over Q4 FY25.

Global Markets:

European shares edged lower on Tuesday, as traders monitored developments in the Middle East and Ukraine amid renewed volatility in oil markets.

Asian markets traded declined even as investor sentiment remained supported by hopes for a breakthrough in the U.S.-Iran peace talks.

President Donald Trump said Monday negotiations with Iran were 'proceeding nicely,' though he warned that the U.S. could resume attacks if the talks failed.

In a sign of how tenuous the negotiations were, the U.S. Central Command said that it conducted 'self-defense strikes' targeting Iranian missile launch sites and boats attempting to lay mines in the south of the Islamic Republic.

Markets in the U.S. were closed on Monday on account of the holiday for Memorial Day.

Last week, stocks rose on Friday as Treasury yields eased, resulting in a winning week for Wall Street despite heightened volatility.

The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to end at 50,579.70. The 30-stock index hit an intraday all-time high and posted another record close. The S&P 500 rose 0.37% to settle at 7,473.47. The Nasdaq Composite climbed 0.19%, ending at 26,343.97.

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