Overview

• Indian equity indices opened in the red on Wednesday, with the Sensex dropping 302 points and the Nifty falling 107 points in early trade.
• The decline follows the implementation of US President Donald Trump's 26% tariffs on Indian goods, exacerbating global trade tensions and investor uncertainty.
• Global markets also showed weakness, with major Asian indices and the US market reflecting concerns over escalating trade disputes and potential recession risks.
• Sectoral losses were led by IT, pharma, and healthcare, while auto and FMCG sectors showed relative resilience in Wednesday's trading session.
• Investors are closely monitoring the Reserve Bank of India’s Monetary Policy Committee meeting, where a 25 basis point repo rate cut is anticipated to address economic pressures.