Estee Lauder (EL) remains in talks with Puig over a potential business combination, though there's no announcement to make yet, Reuters reported Tuesday, citing Estee Lauder Chief Executive Stephane de La Faverie.

Shares dropped 4.5%, with intraday trading volume rising to over 2.26 million from a daily average of about 4.44 million.

XP (XP) shares slumped more than 5% after the company reported Q1 results that fell short of analyst expectations.

More than 8.26 million shares traded intraday, compared with a daily average of about 5.67 million.

MakeMyTrip (MMYT) shares were down about 10% following its fiscal Q4 results.

More than 1.12 million shares of the company traded intraday, compared with a daily average of about 1.43 million.

Price: 76.12, Change: -3.90, Percent Change: -4.87