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Sensex, Nifty Marginally Lower In Early Trade; Wipro Shares Tumble 6%
(RTTNews) - Indian shares were subdued on Thursday as investors fretted about escalating U.S.-China trade tensions and a deteriorating outlook for global trade.
The benchmark S&P/BSE Sensex was down 75 points at 76,969, recoupling some early loss. The broader NSE Nifty index dropped 40 points to 23,396.
Wipro plunged nearly 6 percent after warning about tariff related uncertainties in FY26.
"Tariffs are creating a lot of uncertainty. A large transformation project was paused by a client this quarter," its CEO said.
Infosys and Jio Financial Services were down 1-2 percent ahead of their earnings results due today.
Hero MotoCorp declined 2.3 percent as it declared a temporary halt in production from April 17 to 19 at four of its manufacturing facilities, citing short-term supply alignment.
UltraTech Cement fell more than 1 percent. The company has agreed to acquire a 26 percent stake in AMPIN C&I Power Eight, a company involved in the generation and transmission of renewable energy, for a consideration of Rs. 25 crores.
Hindustan Unilever was down about 1 percent after filing a case in the Bombay High Court against Honasa Consumer, alleging that it has disparaged its brand.
ICICI Bank rose over 1 percent after cutting the interest rate on its savings bank account by 25 basis points.
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