Indian shares fall as TCS results, Trump tariffs weigh on sentiment

ReutersJul 11, 2025 7:16 AM

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India's Nifty 50 .NSEI and Sensex .BSESN dip 0.8% each, dragged by IT stocks after TCS' weak Q1 results deepen concerns over prolonged demand slowdown

Eleven of the 13 sectors decline

IT index .NIFTYIT drops 1.8%; Tata Consultancy Services TCS.NS sheds 3% after missing revenue estimates as clients cut non-essential spending amid tariff-related uncertainty

U.S. President Trump announces a 35% tariff on Canadian imports; plans tariff notices to the EU and potentially blanket 15–20% rates on other countries, fueling trade fears

Reliance Industries RELI.NS down 1.5%, set for fourth straight session of losses

RELI's drop intensifies in the last three sessions after Reuters report flags Jio IPO delay beyond 2025

Broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 lose about 1% each

Osho Krishnan, senior analyst for technical and derivatives research at Angel One, says a combination of reduced institutional trading, global macro uncertainty, and heightened regulatory scrutiny is creating a cautious market environment

Bucking the trend, Hindustan Unilever HLL.NS jumps 4.7% after appointing a senior Unilever ULVR.L executive as CEO

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