(Reuters) – India’s benchmark indexes are set for a muted start on Tuesday, as caution prevailed after U.S. President Donald Trump announced plans for trade tariffs on neighbouring countries within hours of taking office.
The GIFT Nifty futures were trading at 23,413.5 as of 7:51 a.m. IST, indicating that the blue-chip Nifty 50 will open near Monday’s close of 23,344.75.
Other Asian markets were little changed after Trump said his administration was mulling imposing 25% tariffs on Mexico and Canada as soon as Feb. 1, dousing investors’ hopes of a delay after they had been cheering the brief mention of tariffs in the inauguration speech. [MKTS/GLOB]
The Nifty 50 and the BSE Sensex rose about 0.6% each on Monday, led by gains in private lender Kotak Mahindra Bank and IT firm Wipro on their better-than-expected quarterly earnings report.
STOCKS TO WATCH
** Electronic manufacturing services provider Dixon Technologies reports a rise in net profit in the December quarter
** Real estate developer Oberoi Realty posts a higher third-quarter profit, driven by the growing demand for luxury homes and office spaces
** L&T Finance posts a drop in net profit in the December quarter
** U.S. drug regulator ends inspection at the Goa manufacturing facility of Cipla’s unit with an observation in form 483
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.