India’s information technology sector took a sharp hit Friday as shares of major firms dropped following renewed fears of retaliatory tariffs by the United States’ global trading partners.
Indian Markets opened strong on Thursday with NSE Nifty trading comfortably above 25,000 levels. Markets have witnessed a strong 1000 point rally for NSE Nifty during the last few weeks.
Indian stock markets opened positive on Friday but the markets are facing resistance for NSE Nifty at 19550 levels. Indian markets are also getting support from positive global market trends.