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Indian Equity Markets Brace for Impact as US Tariffs Spark Sell-Off
Indian Equity Markets Brace for Impact as US Tariffs Spark Sell-Off
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BTCCSquare news:
Indian stock indices are poised for a lower opening after the US reinforced 25% tariffs on imports from India, triggering foreign investor withdrawals. Gift Nifty futures traded at 24,732.5 points, signaling a drop from Nifty 50's previous close of 24,768.35.
FPIs dumped ₹5,589 crore ($638M) worth of shares in a ninth straight selling session as higher US rates diminish EM appeal. The MSCI Asia-Pacific ex-Japan index fell 0.7% amid broader risk-off sentiment.
Market participants view the tariffs as negotiation leverage, with TRUMP confirming ongoing talks. The development coincides with heightened global trade tensions, including Canada's tariff hike to 35% and new duties for Taiwan (20%) and Thailand (19%).
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