Indian shares decline as foreign investors sell and rupee weakens amid US trade deal uncertainty.
AI Summary1 min read
TL;DR
Indian shares fell as foreign investors continued selling and the rupee weakened, with uncertainty over a US trade deal dampening market sentiment.
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Indian sharesforeign investorsrupeeUS trade dealmarket decline
Indian shares fell 0.35% and 0.36% on Tuesday as investors navigate foreign outflows and a depreciating rupee. The Nifty 50 and BSE Sensex lost 0.35% and 0.36%, respectively. Fifteen of the 16 major sectors traded lower, with small-caps and mid-caps down 0.6% and 0.4%, respectively. Foreign portfolio investors sold shares worth $161.6 million on Monday, marking their seventh consecutive session of selling. Investors are awaiting updates on India-U.S. trade negotiations, with hopes for a deal before year-end appearing dimming.
