Other Asian markets also opened weak on Monday.
Indian Markets Open Lower Amid U.S. Metal Tariff Concerns
Indian Markets Open Lower latest news: Indian stock markets started on a negative note on Monday due to global concerns, despite strong domestic GDP figures, ANI reported.
The benchmark indices slipped in early trade on Monday as investor sentiment was affected by the renewed U.S. tariffs on steel and aluminum.
The Nifty 50 index opened at 24,669.70, down by 81.00 points or 0.33 per cent. Similarly, the BSE Sensex opened at 81,214.42, down by 236.59 points or 0.29 per cent.
Experts said that former U.S. President Donald Trump's new tariffs have overshadowed domestic positives stemming from robust GDP numbers.
Ajay Bagga, a banking and market expert, told ANI that the widening Russia-Ukraine conflict remains a risk; however, markets are ignoring it for now.
“Indian markets could have performed well today on the back of a superb March quarter GDP print and expectations of a rate cut and further monetary easing at the RBI MPC later this week. However, global weakness is currently weighing on Indian markets,” said Ajay Bagga.
The market capitalization of all listed companies on the NSE as of 30 May 2025 stood at Rs 442.02 lakh crore or 5.17 trillion US dollars, with 22,43,78,241 registered investors.
Other Asian markets also opened weak on Monday.
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