India's equity benchmarks trim gains as Reliance, IT stocks slide

India's benchmarks gave up most of their early gains on Thursday, as Reliance Industries slid after higher tax rates on oil-related services and IT shares extended losses on U.S. tariff concerns, offsetting the optimism from domestic tax cuts.

Sep 4, 2025 - 16:00
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India's equity benchmarks trim gains as Reliance, IT stocks slide
India's benchmarks gave up most of their early gains on Thursday, as Reliance Industries slid after higher tax rates on oil-related services and IT shares extended losses on U.S. tariff concerns, offsetting the optimism from domestic tax cuts.

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