FX.co ★ India Stocks Snap 2-Day Gains

The BSE Sensex experienced a decline of 323 points, or 0.4%, reaching 82,178 during Monday's morning session. This downturn interrupted the advances seen over the prior two trading days, as fresh trade tensions between the US and China shook investor confidence. This development came after President Trump, in response to Beijing's latest export restrictions, announced an additional 100% tariff on Chinese goods imported into the US. Most sectors experienced losses, notably in technology, oil & gas, banking, and financial stocks. Similarly, the Nifty 50 index dropped by 0.4%, while small-cap and mid-cap stocks saw declines of 0.6% and 0.3%, respectively. Investors are now focusing on the forthcoming September inflation data, with market predictions suggesting it will fall to 1.7%, which is beneath the RBI’s targeted range of 2–6%. This has heightened expectations for potential interest rate reductions at the central bank’s upcoming meeting. Among the significant decliners were Infosys, down 1.1%, and Tata Motors with a 1.0% drop. Additionally, JSW Steel, Tata Steel, and Reliance Industries each saw a decrease of 0.8%. HCL Tech also fell by 0.9% ahead of its quarterly earnings announcement later today.