Indian stock market slightly down on trade tensions; Wipro shares plummet 6%.

From Nasdaq, Inc.: 2025-04-17 00:18:00

Indian shares were subdued on Thursday amid escalating U.S.-China trade tensions and global trade concerns, with the S&P/BSE Sensex down 75 points and the NSE Nifty index dropping 40 points.

Wipro plummeted nearly 6 percent due to tariff uncertainties in FY26, with the CEO citing a paused transformation project by a client. Infosys and Jio Financial Services were down 1-2 percent ahead of earnings results.

Hero MotoCorp declined 2.3 percent as it announced a temporary production halt, while UltraTech Cement fell over 1 percent following a stake acquisition in a renewable energy company.

Hindustan Unilever dropped about 1 percent after filing a case against Honasa Consumer, while ICICI Bank rose over 1 percent after cutting interest rates on savings accounts.



Read more at Nasdaq, Inc.: Sensex, Nifty Marginally Lower In Early Trade; Wipro Shares Tumble 6%