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The Indian markets may face negative sentiment due to potential US tariffs. Manishi Raychaudhuri suggests caution, citing uncertainty around exemptions for pharmaceuticals and electronics. The impact could be significant on auto, industrial components, pharmaceuticals, and garments. Ongoing trade talks between India and the US add to the fluid situation. Details about the tariff arrangement are still awaited.
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Avanti Feeds, Apex Frozen Foods, and Waterbase Ltd witnessed steep declines as investors priced in concerns over a potential impact on exports. Avanti Feeds tumbled 6.6% to Rs 645, Apex Frozen Foods slipped 6.5% to Rs 225.05, and Waterbase fell 4.5% to Rs 49.16.
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News and Media
Trump Pakistan Deal: Donald Trump announced a new energy deal between the U.S. and Pakistan, hinting at potential oil sales to India despite recent tariffs. Pakistan's current proven reserves are modest, but seismic surveys suggest significant offshore potential. Realizing this potential requires substantial investment and could face geopolitical challenges from China.
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News and Media
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