Indian shares slip on profit booking near record high levels; HDFC Bank, Reliance fall

India's stock benchmarks Nifty 50 .NSEI and Sensex .BSESN fall 0.2% and 0.4% respectively as investors book profit from near record-high levels

Oil-to-telecom conglomerate Reliance RELI.NS falls 4.5% after hitting a record high on Monday

RELI says it does not expect any Russian crude deliveries in January, denying a Bloomberg report that three vessels carrying Russian oil are headed to its Jamnagar refinery.

HDFC Bank HDBK.NS slips 1.6% after losing 2.4% in the previous session, with analysts flagging downside risks to deposit growth in fiscal year 2026

Seven of 16 major sectors decline; the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 ease 0.2% each

Lingering uncertainty over India–U.S. trade negotiations after U.S. President Donald Trump's comments on a potential rise in tariffs on India due to Russian oil imports weighing on sentiment, two analysts say

Trent TREN.NS loses 7.5% on flat sequential revenue in Q3 and subdued demand

Two-wheeler maker Bajaj Auto BAJA.NS gains 2.8% after Emkay upgrades to "buy" from "add", citing strong export trends and steady earnings outlook