OPINION | US tariff: Who will blink first? Modi or Trump?

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Indian equity benchmark indices Sensex and Nifty50 fell on Tuesday, a day after 50% tariff by the US on Indian goods came into effect, hurting investor confidence. Both the benchmark indices stayed weak in the morning session, with analysts saying that the new tariffs have shaken market sentiment. Stock analysts, however, say the market is unlikely to panic because it will view the high US tariffs as a short-term aberration which is expected to be resolved soon.