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Indian Markets Tumble Amidst Global Trade Fears
12 Jan
Summary
- Indian equities experienced losses for a fifth consecutive session.
- Global trade worries significantly impacted investor sentiment.
- Political uncertainty in Washington also contributed to market decline.
Indian equity markets closed lower on Friday, with both the Sensex and Nifty indices recording their fifth consecutive session of decline. This downward trend was largely driven by escalating global trade worries and persistent political uncertainty in Washington, which collectively weakened investor confidence.
An early trading session showed a brief rebound, offering a glimmer of hope for market recovery. However, this upward movement proved short-lived as the benchmarks swiftly reversed course, turning negative within minutes of the market opening.
Renewed caution permeated across the trading environment, leading to a resurgence of selling pressure. The market's inability to sustain early gains underscores the prevailing apprehension among investors regarding international trade dynamics and domestic political stability.
