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Indian equities extend decline as tariff risks and global tensions weigh on sentiment
Indian markets slipped further as tariff fears, foreign selling, and geopolitical risks pressured banking and infrastructure stocks, extending a week-long selloff.
Indian benchmark indices Sensex and Nifty closed lower on January 9 as investors reacted to renewed concerns over US tariff actions and rising geopolitical uncertainty. Banking and infrastructure stocks led losses, with ICICI Bank and Adani group companies among notable laggards. Market participants remained cautious as foreign investor outflows continued, erasing nearly ₹9 lakh crore in market capitalization over five sessions.