Indian shares recouped some early losses on Wednesday but still ended lower due to tariff concerns and lingering uncertainty over U.S.-Iran peace negotiations.
Tariff worries returned to the fore after the U.S. Trade Representative proposed slapping 12.5 percent additional duties on 54 countries, including India, for forced-labor practices.
The new tariffs, if implemented, would enable U.S. President Donald Trump to skirt limits on his tariffs imposed by the Supreme Court.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.