Indian stocks dip as profit‑taking hits sentiment, Adani clears SEBI issues

Indian equities slipped on Tuesday as profit‑taking pulled the Sensex and Nifty lower. The sell‑off came after investors digested the news that all Adani Group listed firms have cleared pending SEBI adjudication matters linked to alleged infractions. At the same time, crude oil prices tumbled sharply, shifting attention to oil‑marketing companies whose margins could improve. Persistent Systems announced it has increased its stake in technology firm Nagarro, a move that could lead to Nagarro’s delisting if the stake crosses a critical threshold. Market participants will also watch shares of other firms that reported expansions or other corporate milestones, including RHI Magnesita, Pine Labs and Shoppers Stop. Analysts expect these names, along with the broader OMC sector, to stay in focus on Wednesday as the market digests the corporate updates. The overall sentiment remains cautious, with profit‑taking likely to temper any immediate rally.