The Indian stock markets opened on a weak note on Tuesday, weighed down by persistent foreign portfolio investor (FPI) selling and concerns over a delay in the India-US trade deal, which may lead to a 15 per cent tariff.
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.
As the deadline for US-Korea trade negotiations approaches on August 1, Seoul is making all efforts to finalise a tariff agreement with Washington, reports Korea Herald.
The Indian stock market started the week on a negative note as both benchmark indices opened in the red on Monday, reflecting weak global cues and investor caution ahead of the August 1 tariff deadline.
US President Donald Trump on Sunday (local time) announced that Washington and the European Union have reached an agreement on the trade deal, finalising at a uniform 15 per cent tariff on all goods across the board and purchases of massive energy and military equipment and unprecedented
India is projected to maintain a steady 6-6.5 per cent year-on-year real GDP growth in FY26, supported by resilient domestic demand and potential relief from softer global crude oil prices, despite pressures from recent tariff hikes, according to a UBS report.
The impending India-UK Free Trade Agreement (FTA), also referred to as the Comprehensive Economic and Trade Agreement (CETA), is poised to significantly boost exports from several Indian states by eliminating tariffs and enhancing market access in the United Kingdom.
The Indian automobile industry has warmly welcomed the recently signed India-UK Free Trade Agreement (FTA), calling it a landmark and transformative development in the global economic landscape.
The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom provides near-complete tariff elimination for Indian exporters, unlocking significant opportunities across various sectors.
India's average tariff on UK products will drop from 15 per cent to 3 per cent under the to-be-signed India-UK FTA, a British government statement said just ahead of the scheduled signing ceremony in presence of Prime Minister Keir Starmer and Indian counterpart Narendra Modi.
The Indian Information Technology (IT) sector is likely to see flat revenue growth of 0 to 2 per cent year-on-year in the current financial year (FY26), according to a recent report by CareEdge Ratings.