Indian Stock Benchmarks Extend Losses as Trade Deal Jitters Weigh

Indian stocks fall on trade uncertainties and a weaker rupee; services PMI rises but market sentiment stays weak.

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Indian Stock Benchmarks Extend Losses as Trade Deal Jitters Weigh

Indian Stock Benchmarks Extend Losses as Trade Deal Jitters Weigh
Indian stock benchmarks continued their downward trend due to trade deal uncertainties, with the Nifty 50 dropping about 0.6%. The rupee hit a historic low, surpassing 90 per dollar, raising concerns about foreign investor exits. Despite strong PMI data for services, which rose to 59.8, investor sentiment remained subdued due to external market pressures.
Companies:
  • Nifty 50
  • Indian markets
Tags:
  • Indian markets
  • Nifty 50