Reliance Drags Markets Lower

  Published 1 year ago

Indian markets dipped as Reliance and metal losses offset FMCG gains, amid U.S. tariff worries and IPO delay.

  • Reliance fell 1.2% after reports of Jio IPO delay; metals sank on Vedanta short call and weak Tata Steel data.
  • Trump’s tariff threats on BRICS, copper, semiconductors, and pharma hit Hindustan Copper; broader impact remains limited for now.
  • FMCG stocks led by HUL and Varun Beverages gained after Jefferies' contrarian picks boosted investor confidence in the consumer sector.

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