Nifty falls for 2nd week in a row, broader indices under pressure

The Indian equity markets ended with losses for the second consecutive week. Sentiment was hit after media sources stated that India has decided to impose the long pending retaliatory tariffs on 29 US products after the US last week withdrew the duty-free benefits for Indian exporters.

Coming week once again promises to be full of action, the FOMC meet is scheduled on June 19 to decide on the benchmark interest rates. The GST Council will also meet on June 20 while the minutes of the MPC’s meeting will be published by June 20 as well.

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