India's benchmarks muted as financials offset broader losses amid lingering tariff concerns

India's stock benchmarks Nifty .NSEI and Sensex .BSESN trade flat, as financials led by Kotak Mahindra Bank offset broader losses

U.S. President Donald Trump delays implementation of tariffs to August 1 and announces steep import levies on several trading partners, while signalling an India deal is close

Risk aversion lingers amid uncertainty over India-U.S. trade talks, say two analysts

Eight of the 13 major sectors decline; the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 drop 0.8% each

Financials .NIFTYFIN and private banks .NIFPVTBNK rise 0.4% and 0.6%, with Kotak Mahindra Bank KTKM.NS jumping 3% after strong June-quarter loan and deposit growth

Pharma stocks .NIPHARM fall 1.5% after Macquarie downgrades Aurobindo ARBN.NS and Dr. Reddy's REDY.NS and slashes targets for Lupin LUPN.NS, Cipla CIPL.NS and Zydus ZYDU.NS on U.S. pricing concerns

Titan TITN.NS falls after disappointing June-quarter sales, while BSE BSEL.NS, Angel One ANGO.NS and CDSL CENA.NS slide on regulatory concerns after Jane Street ban

Textile stocks rise after the U.S. imposes 35% tariffs on Bangladesh, a major garments exporter and competitor to India