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INDIA STOCKS-India's benchmarks little changed at open as US tariff threats weigh

ReutersMar 28, 2025 4:04 AM

- India's benchmark indexes opened little changed on Friday, as uncertainty ahead of the U.S. reciprocal tariff announcements spurred caution among investors.

The NSE Nifty 50 .NSEI was up 0.03% to 23,600.2, while the BSE Sensex .BSESN traded 0.01% lower at 77,591.29 as of 9:24 a.m. IST.

Other Asian markets fell, dragged by auto stocks, after U.S. President Donald Trump announced a 25% tariff on auto imports, due to kick in next week.MKTS/GLOB

Auto .NIFTYAUTO and pharma .NIPHARM, sectors exposed to U.S. tariffs, lost 0.3% and 0.2%, respectively.

Information technology companies .NIFTYIT, which earn a major share of their revenue from the U.S., lost 0.4%, ahead of a key U.S. inflation reading due after Indian market hours.

The broader, more domestically focussed small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gained 1.4% and 1.2%, respectively.

($1 = 85.6830 Indian rupees)

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