(Reuters) – Indian benchmarks opened little changed on Friday after two sessions of gains, while other Asian stocks fell as U.S. tariff uncertainty continued to weigh on investor sentiment.
The Nifty 50 was down 0.16% at 22,508.65 by 9:15 a.m. IST, while the BSE Sensex added 0.01% to 74,347.14.
The blue chips rose about 2% each over the last two sessions on hopes of some reprieve in U.S. tariffs on Canada and Mexico, a drop in oil prices and bargain hunting after a recent fall.
On Thursday, U.S. President Donald Trump suspended the 25% tariffs on most goods from Mexico and Canada, marking another twist in a fluctuating trade policy that has whipsawed the global financial markets.
Uncertainty will prevail until clarity emerges on reciprocal tariffs, which will directly impact India, analysts said.
Most Asian markets fell on the day, with the MSCI Asia ex Japan losing 0.4%. [MKTS/GLOB]
($1 = 87.0110 Indian rupees)
(Reporting by Vivek Kumar M and Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy and Sonia Cheema)
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