Indian shares fall as Modi-Trump summit fails to end market angst

Nifty and Sensex face 'sharper losses' from tariff fears than others in Asia

20250214 US tariff, India

Indian Prime Minister Narendra Modi arrives at the White House to engage with President Donald Trump on Feb. 13. © Reuters

(Reuters) -- India's benchmark indexes fell on Friday as investors fretted over the implications of U.S. President Donald Trump's plans to impose reciprocal tariffs, which analysts said could hurt the country the most among its Asian peers.

Trump is planning to slap reciprocal tariffs on every country taxing U.S. imports. The imposition of these duties, however, is likely to be delayed, helping global stocks stage a relief rally.

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