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EVIDENCE DESK / INDIAReview protocol 01
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Business

Sensex and Nifty slide over 4% in January as FPIs sell, rupee weakens and global risks rise

India’s benchmark indices Sensex and Nifty fell more than 4% through January 2026 amid foreign portfolio investor outflows, rupee weakness, mixed earnings and global uncertainty. Analysts cited risk-off sentiment driven by geopolitical tensions, crude prices, bond yields and renewed tariff concerns, with attention now turning to Union Budget signals.

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Business

India may cut import duty on EU cars to 40% as free trade pact nears, sources say

India is set to slash tariffs on imported cars from the European Union to 40% from as high as 110%, sources said, in a major opening of its protected auto market as both sides close in on a long-awaited free trade agreement. The plan reportedly applies to a limited quota of higher-priced cars, with further reductions over time.