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Indian stock market opens lower, affected by global uncertainties and impending tariffs.
The Indian stock market opened negatively on Monday, with the Nifty 50 and BSE Sensex down 0.22% and 0.20%, respectively. This decline was attributed to global uncertainties and concerns over the August 1 tariff deadline. Sector performance was mixed, with Nifty Auto and FMCG gaining, while IT, Media, Private Banks, and Realty faced losses. The US Federal Open Market Committee and Bank of Japan are expected to maintain steady interest rates this week. Asian markets showed mixed performance as well.
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