India's BSE Sensex closed about 0.4% down at 85,063 on Tuesday, down for a second day, as investors booked profits following recent record highs. The market remained cautious amid sustained foreign fund outflows, trade and geopolitical uncertainties, and the start of the Q3 FY26 earnings season. Selling pressure persisted in select heavyweight stocks, while gains in banking, pharma and IT limited further losses. Trent shares underperformed, plunging 8.4%, following the company’s third-quarter business update, which failed to meet market expectations. Refiner Reliance Industries followed closely, slipping 4.3%, after the company said it is not expecting any Russian crude oil deliveries in January and has not received such cargoes in the past three weeks. This comes a day after US President Donald Trump issued fresh warning to India to cut its imports of Russian oil or face further hike in tariffs. Top gainers included ICICI Bank, Sun Pharma, Hindustan Unilever (HUL), and TCS.