<p>Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Monday amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows.</p><p>Volatile trends engulfed markets during the early trade amid concerns surrounding the US-India trade deal, experts said.</p><p>The 30-share BSE Sensex declined 170.66 points to 83,262.23 in early trade. The 50-share NSE Nifty dipped 53.75 points to 25,407.25.</p><p>July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the US.</p><p>From the Sensex firms, Bharat Electronics Ltd, Tech Mahindra, HCL Technologies, Eternal, ICICI Bank, and Sun Pharma were among the laggards.</p><p>However, Trent, Asian Paints, Hindustan Unilever, Bajaj Finserv, and HDFC Bank were among the gainers.</p><p>In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index Hong Kong's Hang Seng quoted lower while South Korea's Kospi traded higher.</p><p>The US markets ended in the positive territory on Friday.</p><p>"Concerns surrounding a US-India trade deal and the fallout of Sebi's report on Jane Street will be influencing market movement today (Monday). There are reports of a possible interim trade deal between US and India before the July 9th tariff deadline. If that happens, that would be a positive," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.</p><p>Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, the looming July 9 tariff deadline could drive volatility.</p><p>Global oil benchmark Brent crude dropped 0.63 per cent to USD 67.87 a barrel.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 760.11 crore on Friday, according to exchange data.</p><p>On Friday, the Sensex ended 193.42 points, or 0.23 per cent, higher at 83,432.89. The Nifty inched higher by 55.70 points, or 0.22 per cent, to 25,461.</p>
<p>Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Monday amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows.</p><p>Volatile trends engulfed markets during the early trade amid concerns surrounding the US-India trade deal, experts said.</p><p>The 30-share BSE Sensex declined 170.66 points to 83,262.23 in early trade. The 50-share NSE Nifty dipped 53.75 points to 25,407.25.</p><p>July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the US.</p><p>From the Sensex firms, Bharat Electronics Ltd, Tech Mahindra, HCL Technologies, Eternal, ICICI Bank, and Sun Pharma were among the laggards.</p><p>However, Trent, Asian Paints, Hindustan Unilever, Bajaj Finserv, and HDFC Bank were among the gainers.</p><p>In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index Hong Kong's Hang Seng quoted lower while South Korea's Kospi traded higher.</p><p>The US markets ended in the positive territory on Friday.</p><p>"Concerns surrounding a US-India trade deal and the fallout of Sebi's report on Jane Street will be influencing market movement today (Monday). There are reports of a possible interim trade deal between US and India before the July 9th tariff deadline. If that happens, that would be a positive," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.</p><p>Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, the looming July 9 tariff deadline could drive volatility.</p><p>Global oil benchmark Brent crude dropped 0.63 per cent to USD 67.87 a barrel.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 760.11 crore on Friday, according to exchange data.</p><p>On Friday, the Sensex ended 193.42 points, or 0.23 per cent, higher at 83,432.89. The Nifty inched higher by 55.70 points, or 0.22 per cent, to 25,461.</p>