INQQ The India Internet & Ecommerce ETF(INQQ.US)

INDIA STOCKS-IT drags Indian shares down as mixed earnings, global trade risks dampen sentiment

Indian equity benchmarks fell to their lowest levels in over two months, driven by declines in the information technology sector amid mixed earnings reports and global trade uncertainties. The Nifty 50 dropped 0.38% and the BSE Sensex fell 0.33%. All major sectors declined, with the IT index down 1.1%. Foreign portfolio investors sold Indian shares worth approximately $358.9 million, contributing to significant outflows this month. Market volatility is expected to persist until clarity on U.S.-Europe trade tensions is achieved.