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BENGALURU (Reuters) - Indian shares reversed course to tick lower on Tuesday, dragged down by losses in auto stocks after sector bellwether Tata Motors warned a worsening chip shortage would hit its Jaguar Land Rover unit.
The blue-chip NSE Nifty 50 index closed down 0.1% at 15,818.25, while the benchmark S&P BSE Sensex ended 0.04% lower at 52,861.18 after touching an all-time high earlier in the day.
Shares of Jaguar Land Rover parent Tata Motors dropped as much as 10% after it said that semiconductor supply constraints would deepen in the near term, impacting the unit s performance.
The Nifty Auto index which had risen 0.66% in the morning, ended 1.74% lower.
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