Nifty slips on US tariff fears; Vedanta, Reliance drag markets
Indian markets ended lower on Wednesday as Nifty slipped to 25,476 amid US tariff jitters and weak metal stocks. Vedanta slumped 4% on allegations of governance issues from Viceroy while Reliance fell 2% due to the delay in the Jio IPO. FMCG and small caps outperformed, while IT, metals, and realty lagged. Analysts advised caution near ₹476 resistance for Vedanta.