Technical Picks: The Indian stock market has faced intense selling pressure over the last two days and been in the red for five sessions in a row, with the uncertainty over Trump tariffs emerging as a major concern for investors. US President Donald Trump is considering tariffs of up to 500% on countries buying oil from Russia, and has warned India of higher tariffs over the matter. This consists of an initial 25% tariff under a reciprocal tariff order, plus an additional 25% duty linked to India’s continued purchase of Russian crude oil Furthermore, the US Supreme Court is expected to issue its order on Trump's “Liberation Day” tariffs on Friday, January 9, keeping investors on the sidelines ahead of the ruling.
