{"id":50402,"date":"2025-08-07T12:50:11","date_gmt":"2025-08-07T12:50:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/50402\/"},"modified":"2025-08-07T12:50:11","modified_gmt":"2025-08-07T12:50:11","slug":"indian-benchmarks-erase-losses-as-hopes-of-us-russia-talks-arrest-tariff-led-slide-tradingview-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/50402\/","title":{"rendered":"Indian benchmarks erase losses as hopes of US-Russia talks arrest tariff-led slide \u2014 TradingView News"},"content":{"rendered":"

India’s stock benchmarks erased intraday losses to settle flat on Thursday, as news of a U.S.-Russia presidential meeting helped markets rebound from a slide sparked by the U.S. doubling tariffs on Indian goods.<\/p>\n

The Nifty 50 \"\"\/NIFTY<\/a> and Sensex \"\"\/SENSEX<\/a> dropped nearly 1% intraday, hitting their lowest since May.<\/p>\n

The Nifty, however, closed 0.09% higher at 24,596.15 points and the Sensex gained 0.1% to 80,623.26.<\/p>\n

\"India'sThomson ReutersIndia’s Nifty 50 erases day’s losses as hopes of US-Russia talks arrest tariff-led slide<\/p>\n

The benchmarks recovered after the announcement of a meeting between Russian President Putin and U.S. President Trump in the coming days, which analysts say will soften Washington’s stance on India’s imports of Russian oil.<\/p>\n

The broader small- \"\"\/CNXSMALLCAP<\/a> and mid-caps \"\"\/CNXMIDCAP<\/a> rose 0.2% and 0.3% respectively. <\/p>\n

On Wednesday, Trump imposed an additional 25% tariff on Indian goods over the 25% duty announced earlier, citing New Delhi’s continued buying of Russian oil.<\/p>\n

“The prima facie imposition of a combined 50% tariff on Indian exports is negative for markets and for investor sentiment, including foreign institutional investors,” said Peeyush Mittal, portfolio manager at Matthews Asia. <\/p>\n

Foreign portfolio investors have sold Indian shares worth $900 million so far in August, following $2 billion in outflows in July amid trade uncertainty and weak corporate earnings. <\/p>\n

Still, expectations of a resolution before the new tariffs take effect on August 27 and the news of U.S.-Russia presidential talks helped markets recover from the day’s losses, three analysts said. <\/p>\n

Energy \"\"\/CNXENERGY<\/a> and oil & gas (.NIFOILGAS) indexes, which lost about 1% each during the session, dragged by Reliance \"\"\/RELIANCE1!<\/a> and oil-marketing companies on fears of rising costs if Russian oil supplies are disrupted, pared most of their losses to close about 0.2% lower.<\/p>\n

IT \"\"\/CNXIT<\/a> and pharma \"\"\/CNXPHARMA<\/a> stocks, which have high exposure to the U.S. economy, also rebounded from intraday declines and rose 0.9% and 0.8%, respectively. <\/p>\n

Among individual stocks, Hero MotoCorp \"\"\/HEROMOTOCO<\/a> jumped 4.2% after reporting a quarterly profit beat.<\/p>\n","protected":false},"excerpt":{"rendered":"India’s stock benchmarks erased intraday losses to settle flat on Thursday, as news of a U.S.-Russia presidential meeting…\n","protected":false},"author":2,"featured_media":1114,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-50402","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/50402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=50402"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/50402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/1114"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=50402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=50402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=50402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}