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.
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.
Referring to purported differences in understanding of US trade agreements and their clauses with Vietnam and Japan, think tank Global Trade Research Initiative (GTRI) suggested that India tread carefully as it negotiates its trade agreement with the US.
Private investment in India is expected to see a pickup as and when the ongoing uncertainty over US trade policies recedes, opined Aditi Gupta, an economist at Bank of Baroda.
Indian stock markets ended flat in the volatile session on Tuesday as many investors opted to book profits amid ongoing quarterly result volatility, and investors remained cautious ahead of uncertainty on India-US trade agreement.
At the end of the trading session, BSE Sensex was up 442.62 points or 0.54 per cent at 82,200.34, and the Nifty 50 at National Stock Exchange (NSE) was up 122.30 points or 0.49 per cent at 25,090.70.
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.
A day before the Monsoon Session of Parliament, Rashtriya Janata Dal (RJD) MP Manoj Kumar Jha on Sunday criticised US President Donald Trump, calling him eager to become the "Sarpanch of the world." Jha's remarks came after Trump's repeated claims of mediating a ceasefire between India an
A day before the monsoon session of Parliament, Aam Aadmi Party (AAP) MP Sanjay Singh on Sunday said that his party will raise several key issues, including US President Donald Trump's repeated claims of mediating a ceasefire between India and Pakistan for a proposed US trade deal.
Shiv Sena (UBT) leader Priyanka Chaturvedi on Saturday refuted US President Donald Trump's repeated claims of mediating a ceasefire between India and Pakistan for a proposed US trade deal.
Speaking to reporters, Piyush Goyal said, "Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States."