Indian shares off session's highs as US tariffs, Fed meet in focus

Indian shares retreat from session's highs due to looming tariff threats and caution ahead of the U.S. Federal Reserve meeting this week

Nifty 50 .NSEI and Sensex .BSESN up 0.3% each in afternoon trade

Both indexes rose as much as 0.8% earlier in the day

U.S. reiterates plans to impose reciprocal tariffs on India and other countries on April 2

Seven of 13 major sectors log gains on the day, while broader mid- .NIFMDCP100 and small-caps .NIFSMCP100 up about 0.5% each

Heavyweight financials .NIFTYFIN up 1%, supporting gains in the benchmark indexes

Nifty attempting a recovery in March after five consecutive monthly losses, says HDFC Securities; recommends "bearish" positional strategy

Benchmark indexes down 14% from lifetimes highs hit in late-September

Rebound in U.S. equities, China stimulus measures supporting global stocks on the day MKTS/GLOB

Ola Electric Mobility OLAE.NS down 7% as unit faces insolvency petition from a creditor