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Sensex, Nifty Marginally Lower In Early Trade; Wipro Shares Tumble 6%
(RTTNews) - Indian shares were subdued on Thursday as investors fretted about escalating U.S.-China trade tensions and a deteriorating outlook for global trade.
The benchmark S&P/BSE Sensex was down 75 points at 76,969, recoupling some early loss. The broader NSE Nifty index dropped 40 points to 23,396.
Wipro plunged nearly 6 percent after warning about tariff related uncertainties in FY26.
"Tariffs are creating a lot of uncertainty. A large transformation project was paused by a client this quarter," its CEO said.
Infosys and Jio Financial Services were down 1-2 percent ahead of their earnings results due today.
Hero MotoCorp declined 2.3 percent as it declared a temporary halt in production from April 17 to 19 at four of its manufacturing facilities, citing short-term supply alignment.
UltraTech Cement fell more than 1 percent. The company has agreed to acquire a 26 percent stake in AMPIN C&I Power Eight, a company involved in the generation and transmission of renewable energy, for a consideration of Rs. 25 crores.
Hindustan Unilever was down about 1 percent after filing a case in the Bombay High Court against Honasa Consumer, alleging that it has disparaged its brand.
ICICI Bank rose over 1 percent after cutting the interest rate on its savings bank account by 25 basis points.
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments
Rally May Stall For Thai Stock Market
Japanese Market Notably Lower
Indonesia Bourse May Extend Wednesday's Losses
Australian Market Slightly Higher
Hong Kong Bourse May Hand Back Wednesday's Gains
Lower Open Anticipated For Taiwan Stock Market
