FX.co ★ India Stocks Trade Slightly Lower

Indian equities experienced a downturn on Thursday, as the Sensex fell by 205 points, equivalent to a 0.2% decline, reaching 82,310 during morning trading. This downturn comes after the prior session's gains and mirrors a decline observed on Wall Street overnight. The earlier optimism surrounding the US-China trade agreement diminished due to persistent uncertainties regarding tariffs. Investor caution intensified after US President Trump threatened to reintroduce unilateral tariffs ahead of the July 9 deadline. In addition, investor sentiment was tempered in anticipation of India's May inflation data, set to be released later today, which is expected to provide insights into the country's future monetary policy. Rising tensions in the Middle East further exerted pressure on market sentiment. The technology sector led the losses, declining by 0.9%, primarily driven by drops in Infosys, which fell 1.6%, and HCL Technologies, which decreased by 1.2%. Other sectors under strain included automotive, manufacturing, oil & gas, and banking. Correspondingly, the Nifty 50 index decreased by 0.3%, dipping below the 25,100 mark, with significant losses from companies such as Tata Motors (-1.0%), Hindustan Unilever (-1.0%), and Tata Steel (-0.9%).