Indian equity benchmarks settled marginally higher Wednesday, possibly due to some fresh buying, but analysts are of the view that uncertainty around the India-US trade front will continue to remain key headwinds.
The benchmark indices continued to face selling pressure at higher levels, with analysts indicating that the India-US new interim deal is unlikely to be finalised before the August 1 deadline. On Sunday, the US administration indicated that the August 1 deadline wouldn't be extended further.
Indian stock markets opened flat on Thursday, anticipating investor sentiments to turn positive with India and the UK formalizing the Free Trade Agreement (FTA) later in the day.
Indian stock markets made a muted start on Monday, with both benchmark indices opening flat as investor sentiment remained weak amid ongoing uncertainty around the India-US trade deal.
Indian stock markets on Friday ended on a negative note due to a sober start to the first quarter earnings season and a ramp-up in the tariff threat by the US of 35 per cent on goods imported in the US from Canada.
Indian stock markets opened on a flat note on Wednesday as investors remained cautious and in a wait-and-watch mode, ahead of a possible mini trade deal between India and the European Union (EU).