Sensex, Nifty Subdued On Trump's Tariff Threats
(RTTNews) - Indian shares were subdued on Friday after U.S. President Donald Trump reiterated his firm stance on tariffs.
At the World Economic Forum 2025 in Davos, Trump has warned global companies that importing goods into the U.S. without manufacturing domestically will incur duties. The benchmark S&P/BSE Sensex dropped 136 points, or 0.2 percent, to 76,383 in early trade while the broader NSE Nifty index was down 38 points, or 0.2 percent, at 23,167.
ICICI Bank and NTPC edged up slightly ahead of their earnings.
Dr Reddy's Laboratories slumped 4.5 percent on concerns about potential revenue loss from cancer drug Revlimid, which is set to go off patent in January202.
Indus Towers was little changed despite Q3 profit climbing 160 percent.
HPCL rose about 1 percent on strong Q3 earnings.
Tejas Networks plummeted 9 percent after reporting lower revenue, margin and order book value.
Mankind Pharma tumbled 4 percent as Q3 net profit declined 1 percent year-on-year.
Suryoday Small Finance Bank lost nearly 5 percent after reporting further deterioration in asset quality in Q3.
Ujjivan Small Finance Bank gave up 5.3 percent as quarterly profit fell 64 percent on higher provisions.
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