Franklin FTSE India ETF Shares Dip Below 200-Day Moving Average

Franklin FTSE India ETF (FLIN) shares have crossed below their 200-day moving average of $38.01, trading as low as $37.74. The ETF is currently down 1.3% on the day. Its 52-week range is between $33.86 and $42.4881, with a last trade of $37.84.

Franklin FTSE India ETF (FLIN) shares have fallen below their 200-day moving average of $38.01, trading as low as $37.74 on July 2, 2025. The ETF is currently down 1.3% on the day, with its 52-week range spanning between $33.86 and $42.4881, and a last trade at $37.84.

The decline in FLIN is part of a broader market reaction to President Donald Trump's announcement that the U.S. will impose a 25% tariff on Indian imports starting on August 1 [1]. This move has led to a decline in U.S.-listed shares of Indian companies, including IT firms Infosys (INFY1) and Wipro (WIPRO), which fell 0.7% and 1.6% respectively, as well as top private banks HDFC Bank (HDFCBANK) and ICICI Bank (ICICIBANK), which dropped 1.4% and 1.3% respectively. Generic drugmaker Dr. Reddy's Laboratories (DRREDDY) also experienced a significant decline, losing 4.4% and hitting an eleven-week low [1].

The Indian rupee (USDINR) closed 0.7% lower against the dollar earlier in the day, reflecting the broader market sentiment [1]. Analysts attribute the market's response to the unexpected tariff announcement, despite long-term strategic interests aligning between the U.S. and India. Nilesh Shah, managing director at Kotak Mahindra Asset Management, commented, "Despite the unpredictable policy making of the U.S., the market was expecting a tariff deal to work out as longer-term U.S.-India strategic interests are aligned" [1].

Investors are advised to closely monitor the situation as trade tensions between the U.S. and India could have further implications for the Indian market and related ETFs.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3TR0SH:0-india-adrs-decline-after-trump-says-us-to-impose-25-tariff-on-indian-imports/