IT, metals drag India's equity benchmarks lower on renewed global trade worries

India's benchmark indexes Nifty 50 .NSEI and Sensex .BSESN fall around 0.3% each, pressured by losses in information technology and metal stocks

The Nifty Metal .NIFTYMET and IT indexes .NIFTYIT slide 1% each after U.S. President Donald Trump threatens to double tariffs on imported steel and aluminium from June 4

Seven of 13 sectors decline; index heavyweights HDFC Bank HDBK.NS and Reliance RELI.NS lose 1% each

Analysts say optimism around India's economic recovery after faster-than-expected growth in the March quarter and the anticipated rate cut on Friday offset by global risks and rich valuations, keeping markets subdued

In contrast to the benchmarks, the broader, small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gain 1% and 0.3%, helped by post-results rally in key constituents

Among individual stocks, Apollo Hospitals APLH.NS gains 2% on upbeat March quarter results

AstraZeneca Pharma ASTR.NS surges 11.2% after a sharp profit jump, while Mphasis MBFL.NS falls 2.8% on report of a key client loss to Accenture ACC.N