A bird flies near the Bombay Stock Exchange (BSE) building in Mumbai, India, April 3, 2025. REUTERS
Aug 5 (Reuters) – India’s equity benchmarks opened little changed on Tuesday after U.S. President Donald Trump reiterated his threat of harsh tariffs on goods from India over its Russian oil purchases.
The Nifty 50 fell 0.01% to 24,720.25 points and the BSE Sensex lost 0.09% to 80,946.43 as of 9:15 a.m. IST.
Trump on Monday threatened to raise tariffs on goods from India over its Russian oil purchases, while New Delhi called his attack “unjustified” and vowed to protect its economic interests, deepening the trade rift between the two countries.
Analysts said the ongoing trade rift has hit the market sentiment, and expect the benchmarks to be rangebound until there is clarity over U.S. tariffs.
Nine of the 16 major sectors logged gains at the open. The broader smallcaps (.NIFSMCP100) and midcaps (.NIFMDCP100), were flat.
Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Eileen Soreng and Mrigank Dhaniwala
