BUZZ-Indian shares fall on US tariff fears, earnings worries

Reuters02-11
BUZZ-Indian shares fall on US tariff fears, earnings worries

** India's benchmark indexes NSE Nifty 50 .NSEI and BSE Sensex .BSESN lose 0.6% each, as worries over the impact of potential U.S. reciprocal tariffs and slowing earnings spook investors

** Indexes are on course for fifth straight session of losses

** All 13 major sectors decline; the broader smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 lose 3% each

** Other Asian markets trade lower due to worries around U.S. President Donald Trump's tariff policies

** Trump raises tariffs on aluminium and steel imports to the U.S. to 25% and also says he will announce plans to impose reciprocal tariffs on several countries

** India is at a high risk from potential U.S. reciprocal levies due to its pronounced tariff differentials, multiple brokerages say

** Analysts also attribute the bearish market sentiment to weak corporate earnings and persistent foreign outflows

** Among individual stocks, Royal Enfield motorcycle maker Eicher Motors EICH.NS drops 6% after missing quarterly profit and margin estimates

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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