IT stocks drag Indian markets lower as EV shares rally on Delhi policy

Indian equity markets declined on Tuesday, with the information technology sector leading losses on the NSE and BSE. Electric vehicle stocks bucked the trend, surging after Delhi announced a new EV policy aimed at promoting clean mobility. While benchmark indices struggled, mid-cap and small-cap segments demonstrated relative resilience during the session. Analysts have characterized the current market environment as a consolidation phase, while maintaining a positive long-term outlook for EV adoption in India.