Indian markets consolidated in a narrow range during the truncated week, with Nifty ending marginally positive. The index remains below its recent high, awaiting a decisive catalyst. Traders are advised to be cautious and focus on stock-specific opportunities with risk management.
US signals possible rollback of 25% tariff on India as Russian oil imports fall
The US has hinted at removing the additional 25% tariff on India after New Delhi sharply cut Russian oil imports. Treasury Secretary Scott Bessent said