Sensex, Nifty Slip due to IT Stock Decline

Indian shares opened slightly lower on Wednesday as U.S. President Donald Trump announced new tariffs on copper imports and hinted at potential tariffs on pharmaceuticals. The S&P/BSE Sensex was down 0.2 percent, while the NSE Nifty dipped 30 points. Infosys, ICICI Bank, Tata Steel, and HCL Technologies fell around 1 percent, while Hindustan Unilever and Asian Paints rose about 1 percent. Pharma stocks like Lupin and Biocon were up around 2 percent each. Union Bank of India tumbled 4.5 percent after its Q1 business update.

Read more at Nasdaq: Sensex, Nifty Tad Lower Dragged By IT Stocks