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INDIA STOCKS-India's stock benchmarks off to a muted start on caution ahead of US tariff deadline

ReutersJul 7, 2025 3:51 AM

- India's equity benchmarks opened little changed on Monday as investors remained cautious ahead of the U.S. tariff deadline.

The Nifty 50 .NSEI fell 0.04% to 25,450.45 points and the BSE Sensex .BSESN lost 0.04% to 83,398.08, as of 9:15 a.m. IST.

Seven of the 13 major sectors logged losses. The broader, more domestically focussed small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 also traded flat.

"Investors have adopted a wait-and-watch approach and have turned cautious ahead of the July 9 tariff deadline," said Vinod Nair, head of research at Geojit Financial Services.

Asian shares fell after U.S. officials flagged a delay in upcoming tariffs but offered no clarity or formal documentation, leaving investors uncertain about the scope of the change. MKTS/GLOB

The U.S. is close to finalising trade agreements with several countries and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday. The new rates are set to take effect from August 1.

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