FX.co ★ Indian Equities Slip to 3-Month Low

The BSE Sensex experienced a decline of 530 points, or 0.6%, settling at 83,040 during Monday morning's trading session. This marked a continuation of losses for the second straight day, reaching its lowest point since October 15. Concurrently, the Nifty 50 index dropped below the 25,500 mark, primarily due to downward pressure on major stocks amid rising concerns over global trade tensions. ICICI Bank and Reliance Industries saw decreases of 3.4% and 2.4%, respectively, following quarterly profit reports that fell short of expectations. Wipro experienced a significant drop of 7.6% after projecting tepid revenue for the March quarter. Most sectors, including IT, banking, and automotive, were trading negatively. Market sentiment turned cautious at the beginning of the week due to heightened global trade tensions after U.S. President Donald Trump announced plans on Saturday to escalate tariffs on several European countries starting February 1, prompting investors to seek safer investment options. Other stocks also suffered losses, with Tata Motors declining by 3.0%, while Infosys and Larsen & Toubro fell by 1.3% and 1.0%, respectively.