Mumbai, March 4 -- Domestic equity benchmarks declined on Tuesday, as the ripple effects of newly implemented US tariffs on major trading partners reverberated across trading floors. The Nifty 50 settled below the 22,100 level, suffering its tenth consecutive session of losses. This extended decline is primarily attributed to concerns surrounding potential retaliatory tariffs from China, Canada, and Mexico, following the US government's recent trade actions. Adding to the market's unease are fears of rising inflation in the US, which could prompt the Federal Reserve to postpone anticipated interest rate cuts. Persistent foreign fund outflows further dampened investor sentiment. Sector-wise, the IT sector, heavily exposed to the US market,...
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