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Indian Markets Open Flat Amid US Tariff Concerns, GST Council Meeting in Focus
Indian Markets Open Flat Amid US Tariff Concerns, GST Council Meeting in Focus
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BTCCSquare news:
Indian equities opened marginally higher but remained under pressure as US tariffs on exports continued to weigh on sentiment. The Nifty 50 inched up 0.03% to 24,507.70, while the Sensex gained 0.07% to 80,132.98. Gift Nifty had earlier signaled a flat-to-bearish start, reflecting market unease after Washington imposed 50% tariffs on Indian goods last week.
Technical analysts see 24,400–24,450 as a critical support zone for the Nifty, with a break below potentially triggering further declines. All eyes now turn to the upcoming GST Council meeting, where potential tax cuts could offer relief to domestic markets still reeling from the tariff shock.
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