{"id":61469,"date":"2025-07-02T10:26:00","date_gmt":"2025-07-02T10:26:00","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/07\/02\/sensex-nifty-end-modestly-lower-as-tariff-anxiety-continues\/"},"modified":"2025-07-02T10:26:00","modified_gmt":"2025-07-02T10:26:00","slug":"sensex-nifty-end-modestly-lower-as-tariff-anxiety-continues","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/07\/02\/sensex-nifty-end-modestly-lower-as-tariff-anxiety-continues\/","title":{"rendered":"Sensex, Nifty End Modestly Lower As Tariff Anxiety Continues"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended Wednesday&#8217;s session lower after reports emerged that trade talks with the U.S. are in the final stage. <\/p>\n<p>U.S. President Donald Trump on Tuesday said New Delhi is prepared to reduce taxes for U.S. firms that could pave the way for a deal that could avert the 26-percent tariff rate he announced on April 2.<\/p>\n<p>His comments followed media reports about negotiations hitting a stalemate over key agricultural demands.<\/p>\n<p>According to local media reports, India has hardened its stance against granting duty concessions to American farm products, while seeking tariff cuts for its labor-intensive exports like textiles, engineering goods, leather and gems and jewelry.<\/p>\n<p>The benchmark S&amp;P\/BSE Sensex fell 287.60 points, or 0.34 percent, to 83,409.69 as Trump hinted at higher tariffs on certain countries after the July 9 deadline.<\/p>\n<p>The broader NSE Nifty index closed down 88.40 points, or 0.35 percent, at 25,453.40 while the BSE mid-cap and small-cap indexes ended down around 0.2 percent each. <\/p>\n<p>The market breadth was weak on the BSE, with 2,198 shares declining while 1,815 shares advanced and 158 shares closed unchanged. <\/p>\n<p>BEL, HDFC Bank, Bajaj Finance, Larsen &amp; Toubro and Bajaj FinServ fell 1-2 percent while Tata Steel rallied 3.7 percent after awarding a major contract to Systems Group for a GBP 1.25 billion upgrade of its Port Talbot plant.<\/p>\n<p>Maruti Suzuki India, Trent, UltraTech Cement and Asian Paints climbed 1-2 percent. <br \/>IndusInd Bank tumbled 2.4 percent after global brokerage Goldman Sachs downgraded the stock to &#8216;sell&#8217; and said the bank has become a &#8220;weak franchise&#8221;.  <\/p>\n<p>Paras Defence and Space Technologies surged 4.3 percent on securing a contract worth Rs. 22 crores from French company Cerbair.<\/p>\n<p>CLN Energy soared 5 percent on winning a tender worth Rs. 107.91 crores to supply lithium-ion batteries.<\/p>\n<p>Gabriel India shares jumped more than 15 percent to extend gains from the previous session on restructuring news. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty End Modestly Lower As Tariff Anxiety Continues<\/a><br \/>\n<br \/>2025-07-02 10:26:00<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended Wednesday&#8217;s session lower after reports emerged that trade talks with the U.S. are in the final stage. U.S. President Donald Trump on Tuesday said New Delhi is&#8230;<\/p>\n","protected":false},"author":2,"featured_media":61470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-61469","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=61469"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/61470"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=61469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=61469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=61469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}