Indian shares expected to decline due to U.S.-China trade tensions, global recession fears

From Nasdaq: 2025-04-08 22:33:00

Indian shares are expected to decline as U.S.-China tariff tensions rise, increasing concerns of a global economic recession. President Trump plans higher duties on 60 trading partners, with no last-minute agreement in sight. The Reserve Bank of India will announce an interest rate decision today, with a 25-bps rate cut already anticipated. Foreign investors sold Rs 4,994 crore in Indian shares, while domestic institutions bought Rs 3,097 crore. Asian markets fell, with the dollar weakening and gold rising. U.S. stocks dropped, with the S&P 500 losing $5.83 trillion in market value. European stocks rose on hopes of a trade resolution.



Read more at Nasdaq: Sensex, Nifty Likely To Drift Lower As Trade Worries Deepen