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Indian shares were slightly lower on Monday due to uncertainty around U.S. tariffs ahead of the August 1 deadline. <\/p>\n
The benchmark BSE Sensex was down 149 points, or 0.2 percent, at 81,313 in early trade while the broader NSE Nifty index slid 37 points, or 0.2 percent, to 24,800. <\/p>\n
TCS shares fell 1.3 percent. In a major restructuring move, the country’s largest software services exporter said it would lay off 2 percent of its workforce \u2014 over 12,000 employees \u2014 through the fiscal year 2026. Peer Infosys dropped nearly 1 percent and Wipro lost 3 percent.<\/p>\n
Kotak Mahindra Bank plummeted 7 percent on reporting a 7 percent fall in the June quarter net profit. <\/p>\n
Reliance Infrastructure rallied 3.6 percent while Reliance Power was down slightly. <\/p>\n
The Anil Ambani-owned Group stated that the action by the Enforcement Directorate related to an ongoing probe into alleged money laundering and misuse of public funds has concluded at all locations.<\/p>\n
Adani Energy Solutions rose over 1 percent after an announcement that the company wants to scale up its commercial & industrial segment 10 times from its current size over the next five years.<\/p>\n
Petronet LNG gained 1.4 percent after announcing its first-quarter results. <\/p>\n
Bajaj Finserv advanced 1.5 percent as it reported a 30 percent year-on-year increase in its quarterly net profit. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div><\/div>\n