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Indian shares fall as Trump rules out trade talks, weak earnings add pressure

ReutersAug 8, 2025 7:56 AM

** Benchmark Nifty 50 .NSEI and BSE Sensex .BSESN fall 0.7% each after President Trump rules out further trade talks with India, lacklustre earnings add to decline

** Fourteen of 16 major sectors fall, led by heavyweight financials .NIFTYFIN and IT .NIFTYIT, down 0.8% each

** Small-caps .NIFSMCP100 down 0.6%, mid-caps .NIFMDCP100 shed 0.9%

** "Rising uncertainty over India-U.S. trade talks, combined with a lackluster earnings season, is driving persistent foreign selling and draining market liquidity," says Manish Goel, founder and MD, Equentis Wealth Advisory Services

** FPIs have been net sellers for last 14 sessions amid trade tensions, valuation worries

** Benchmarks set for sixth straight weekly loss, their longest losing streak since 2020

** Bharti Airtel BRTI.NS falls 2.5%, among top drags on Nifty, after block deals at a discount

** In contrast, Titan TITN.NS rises 1.7%, topping gainers, after higher June-quarter profit

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