Indian equity benchmarks slip at open as US unleashes fresh tariffs
The Nifty 50 (.NSEI), opens new tab fell 0.14% to 24,734.9 points and the BSE Sensex (.BSESN), opens new tab lost 0.14% to 81,074.41 as of 9:15 a.m. IST.
Twelve of the 16 major sectors declined at the open while the broader smallcaps (.NIFSMCP100), opens new tab and midcaps (.NIFMDCP100), opens new tab traded flat.
The benchmark Nifty and Sensex (.BSESN), opens new tab fell as much as 0.9% on Thursday, but pared some losses to end 0.4% lower as investors viewed the United States' 25% tariff on India as a pressure tactic and hoped for lower rates once negotiations conclude.
The negotiations between the two countries are continuing, U.S. President Donald Trump said on Wednesday, after announcing tariffs on India.
U.S. increased tariffs to 35% from 25% on Canada, a top trading partner, and set duties at 20% for Taiwan and 19% for Thailand.
($1 = 87.5700 Indian rupees)
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