India, July 28 -- Indian shares fell notably on Monday as caution prevailed ahead of the U.S. tariff deadline set to take effect later this week.
There's considerable uncertainty over whether India will face higher tariffs from August or if U.S. President Donald Trump will extend the deadline once more.
Market watchers firmly believe that a mini or an interim trade deal between the United States and India is unlikely in the next few days.
Relentless foreign capital outflows, weak earnings from Kotak Mahindra Bank and TCS' layoff announcement also weighed on markets, and overshadowed investor optimism over the U.S.-EU trade deal.
The benchmark BSE Sensex tumbled 572.07 points, or 0.70 percent, to 80,891.02, with selling seen across secto...