Indian Stock markets open lower amid mixed global cues and US tariff concerns
1 month, 2 weeks ago

Indian Stock markets open lower amid mixed global cues and US tariff concerns

Live Mint  

Mumbai, : Indian stock markets on Wednesday opened lower despite mixed global cues and uncertainties and US tariff concerns announced by President Donald Trump. On NSE, the stocks of Tata Consumer, HCL Tech, NTPC, JSW Steel, and Kotak Mahindra Bank were among the major gainers, while major losers were Dr. Reddy's Labs, Cipla, Apollo Hospitals, ICICI Bank and Trent. "We see a challenge to markets from the rapid cross-currents of geopolitical risk, tariff wars, competitive currency devaluations and stubborn inflation, which could worsen due to policy protectionism," said Ajay Bagga, market and banking expert. "For now Indian markets are in a tight pattern, with a higher probability of a near term break downwards on the back of sustained FPI selling pressures," he added.

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