Indian equities fell on Tuesday, led by information technology and private banks, tracking a broad sell-off across Asian markets after Wall Street tumbled overnight on fears that the U.S. economy could be careening into a recession.
India's benchmark indexes rose on Wednesday, led by information technology stocks, with analysts anticipating a short-term rebound due to attractive buying opportunities after the recent slide.
India's blue-chip Nifty 50 posted its longest falling streak in its three-decade history on Tuesday, as global trade conflicts intensified after U.S. President Donald Trump's tariffs on key trading partners came into effect.
India's benchmark indexes settled barely changed on Monday, with enthusiasm over the uptick in domestic economy fizzling out in early trades as looming U.S. tariffs kept investors on the edge.
India's benchmark indexes logged their worst day in around five months on Friday, with Nifty 50 posting its longest monthly losing streak since 1996 on pessimism over domestic market conditions.
India's benchmark indexes closed little changed on Tuesday, after five days of losses, as investors stayed on the sidelines ahead of a local holiday and the monthly derivatives expiry.
The nearly five-month-long slide in Indian equities could continue since the slowdown in corporate earnings growth and the exodus of foreign investors will persist as the world's fifth-largest economy sputters, fund managers and analysts said.
Indian small-cap shares have tumbled more than 20% from their record closing high, confirming they are in a bear market, with analysts expecting a further 5% drop by the end of March.
Investors in Indian mutual funds pivoted towards the safety of largecap stocks and gold exchange traded funds (ETF) in January as markets turned volatile, data released on Wednesday showed.
MSCI added a lone Indian company, carmaker Hyundai Motor India , to its Global Standard index late on Tuesday and removed Adani Green Energy as part of its February 2025 index rejig.
Indian stocks have lost about $180 billion in market value in the two days since U.S. President Donald Trump said he would slap reciprocal tariffs on several countries, with many analysts saying the world's fifth-largest economy could be worst hit.