India's Benchmark Reverses Early Gains as Global Trade Concerns Erode Sentiment
India's benchmark indexes reversed early gains on Monday, as global trade concerns kept investor sentiment on edge, while index heavyweight Reliance Industries fell the most in five months. The Nifty 50 and BSE Sensex indexes lost ground after data showed a slower-than-expected economic growth rate for the October-December quarter. Investor caution was fueled by U.S. tariff uncertainty and cautious commentary from analysts.
- This decline highlights the vulnerability of emerging markets to global economic sentiment, where trade tensions can quickly turn on their heels and impact investor confidence.
- How will the ongoing uncertainty in global trade affect India's economic growth prospects for the remainder of the year?