Indian stocks are expected to open lower on Thursday following U.S. President Donald Trump's decision to impose a 26% reciprocal tariff on imports from India. The GIFT Nifty futures were trading at 23,069.5 as of 6:46 a.m. IST, suggesting that the Nifty 50 will open below Wednesday’s closing level of 23,332.35.
Trump's tariff announcement on India was part of his broader strategy to introduce a 10% baseline tariff on all trade partners, with higher duties on several other countries, including a 34% tariff on China.
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