Indian shares inch lower on caution over trade deal, Jane Street ban
Friday, July 04, 2025       15:29 WIB

Jul 4, 2025, 15:08 GMT+7RefinitivLess than 1 min read
(Reuters) - Indian benchmarks Niftyand Sensexdip 0.2% each amid caution over potential U.S.-India trade deal, SEBI crackdown on U.S.-based Jane Street over alleged index manipulation
** Exchange operator BSEand stock brokers such as Nuvama Wealth Managementand Angel Onetumble after regulatory ban on Jane Street
** "Given Jane Street's large exposure to India's derivatives space, some near-term impact from position unwinding is expected," says Avinash Gorakshakar, director of research at Profitmart Securities
** Seven of 13 major sectors decline; small-caps, mid-capsshed 0.1% and 0.3%
** Financials dip 0.2%, extending losses to fifth session, with analysts saying investors are booking profits after an 18% rally over the last four months
** Among individual stocks, fashion retailer Trentfalls 7% on near-term growth concerns
** IT companies, which earn a significant share of revenue from the U.S., rise 0.5%, after upbeat U.S. jobs data eases economic worries

Sumber : Reuters