By Reuters
Indian equity benchmarks posted a second straight weekly loss, weighed down by uncertainty over a potential U.S. trade deal and weak earnings from IT major Tata Consultancy Services.
The Nifty 50 fell 1.22% to 25,149.85 points this week, while the BSE Sensex lost 1.12% to 82,500.47.
IT was the biggest sectoral loser as it fell 3.8% this week due to weak TCS earnings and uncertainty over U.S. President Donald Trump鈥檚 tariffs.
U.S. President Donald Trump on Thursday said he would impose a 35% tariff on Canadian imports starting next month and consider blanket tariffs of 15% to 20% on most other trading partners.
Meanwhile, investors continued to wait for a trade deal between the U.S. and India.
鈥淭he market is in dilemma as the wait for a trade deal with the U.S. continues. Traders are not confident about taking any major positive bets in this uncertain environment,鈥 said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.
Indian equity benchmarks edge lower as Reliance, metals