Trade tremors set to rattle markets today
Mumbai, July 31 -- Indian equities could extend their decline on Thursday after US President Donald Trump on Wednesday slapped a 25% tariff on imports, along with an unspecified penalty.
Stocks of textiles, electronics components makers, and automotive component companies - key Indian exporters - are likely to be hurt the most, said experts. However, they also expect the fall to be short-lived on hopes of a trade deal eventually being struck. India and the US are negotiating a bilateral trade agreement and the next set of talks are scheduled in August.
Nifty, which fell 3.1% over the past four weeks to 24,837 last Friday, recovered marginally to 24,855.05 on Wednesday.P12...
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