Market Cautious Amid Trade Deal Uncertainty: Nifty Below 25,450, Nectar Lifesciences Plunges

Indian markets opened cautiously today, mirroring early global cues, as uncertainty surrounding the US-India trade deal continues to weigh on investor sentiment. The Nifty index is currently hovering around 25,450, showing minimal change from yesterday's close, while the Sensex is trading with minor gains near 83,500.

This subdued start follows an overnight move by US President Donald Trump, who issued tariff letters to over a dozen countries. Notably, India was not included in this list, leaving the clarity on its trade situation with the US unresolved.

Previously, the Nifty demonstrated limited movement from Friday's closing, trading within a narrow range. However, broader markets witnessed significant stock-specific reactions, primarily driven by quarterly business updates. This trend is expected to continue throughout today's session, which also marks the Sensex weekly expiry.

Amidst these developments, Gokaldas Exports shares surged over 6%, and Arvind's stocks rose by 4%, following Trump's imposition of a 35% tariff on Bangladesh.