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Indian Equities Recover from Early Losses Amid US Tariff Threats
Indian Equities Recover from Early Losses Amid US Tariff Threats
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BTCCSquare news:
Indian markets trimmed losses by midday Tuesday as banking and consumer stocks led a partial recovery. The Sensex pared its decline to 272.88 points (80,745.84) after falling 436 points earlier, while the Nifty 50 settled 77.40 points lower at 24,645.35. The initial selloff followed US President Trump's threat to impose higher tariffs on India over Russian oil imports.
IndusInd Bank topped gainers with a 1.74% rise, followed by Titan Company (+1.36%) and Maruti Suzuki (+1.33%). The recovery offset declines in pharma and tech stocks, with Dr Reddy's Laboratories (-1.46%) and Infosys (-1.16%) leading losers. Market breadth remained weak with 2,056 stocks declining versus 1,047 advancers.
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