Sensex, Nifty open lower today on US-China tariff war, Tata Capital listing in focus

Sensex, Nifty today: In focus is Tata Capital's listing after raising $1.75 billion in India's largest IPO of 2025. Track latest news on stock market today here

India's stock market opened lower today, tracking losses across Asia after the US made fresh tariff threats against China, while investors awaited the debut of Tata Capital Ltd.—the country’s largest IPO of 2025 so far.

The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg)

At 9:52 am, the Sensex was trading 0.26% lower at 82,289.32 points even as the Nifty shed fell 0.29% to 25,212.85 points. All 16 major sectors logged losses at the open. The broader, domestically focused small-caps and mid-caps fell 0.45% and 0.3% respectively. Other Asian markets fell 2% on the day.

On Friday, US President Donald Trump promised to sharply hike tariffs on China in a reprisal against its curb on critical mineral exports.

Rising trade tensions between the world's two largest economies could fuel inflation in the US and force the Federal Reserve to delay interest rate cuts.

High US rates do not bode well for emerging market equities such as India as they make the US dollar and Treasury yields attractive for global investors.

Meanwhile, investors will turn their attention to Tata Capital's market debut on the day, after the non-bank lender's IPO raised $1.75 billion last week in a busy primary market.