How will new US tariffs affect Indian markets and investor confidence?
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Mumbai: Indian markets slid amid a broad-based sell-off on Tuesday, with the two main indices falling 1% each, after the US notice of an additional 25% tariff from Wednesday. Market experts said the street had been expecting some delay in implementation, but 50% tariffs may become the new normal and market sentiment has been dented by this blow. The NSE Nifty fell 255.7 points or 1.02% to close at 24,712.05. The BSE's Sensex declined 849.37 points or 1.04% to end at 80,786.54. On the NSE, except for fast-moving consumer goods (FMCG), all sectoral indices declined on Tuesday, with the realty, PSU bank and consumer durables indices down 1.8-2.2%. "Markets were anticipating a potential rationalisation or delay in implementation of the additional 25% tariffs on India," said Rajesh Palviya, head of technical and derivatives research at Axis Securities. Agencies Bracing for Prolonged Adjustment Live Events "But with the US ...