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Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

RTTNews | 10h 23min ago

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

(RTTNews) - Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

The Ministry of External Affairs has said that it is unjustified and unreasonable for India to be targeted by the United States and the European Union.

In a statement, the Ministry asserted that India would take all necessary measures to safeguard its national interests and economic security.

Traders also looked ahead to Reserve Bank of India's monetary policy decision on Wednesday, with economists split on whether RBI's monetary policy board will continue cutting rates amid U.S. tariff shock and growth risks.

The benchmark BSE Sensex was down 382 points, or half a percent, at 80,636 in early trade while the broader NSE Nifty index dipped by 108 points, or 0.4 percent, to 24,615.

Bharti Airtel was up half a percent while Adani Ports dropped 1.4 percent ahead of their earnings results due today.

HDFC Bank, Sun Pharma, Reliance Industries, BEL and Infosys all were down around 1 percent.

Aurobindo Pharma fell over 1 percent on reporting a 10 percent fall in Q1 profit.

DLF declined 1.2 percent despite reporting 18 percent growth in Q1 consolidated net profit.

Delta Corp gained more than 1 percent as quarterly profit surged 36 percent year-on-year.

Godfrey Phillips soared 9 percent after its board approved a 2:1 bonus issue.

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U.S. Service Sector Growth Unexpectedly Slows In July

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RTTNews | 28 minutes ago

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RTTNews | 1h 14min ago

U.S. Trade Deficit Narrows Slightly More Than Expected In June

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The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 2h 19min ago

Eurozone Private Sector Continues To Expand

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RTTNews | 2h 22min ago

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 2h 33min ago

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 3h 2min ago

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 3h 13min ago

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 3h 33min ago

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