iShares India 50 ETF (INDY) Crosses Below 200-Day Moving Average

The iShares India 50 ETF (INDY) shares crossed below their 200-day moving average of $51.83, trading as low as $51.56 per share. The chart shows INDY's one-year performance below its 200-day moving average. The 52-week range for INDY is between $46.93 and $57.30 per share.

The iShares India 50 ETF (INDY) shares have crossed below their 200-day moving average, trading as low as $51.56 per share. This move comes amidst heightened geopolitical tensions between the United States and India, following President Donald Trump's announcement of a 25% tariff on Indian goods [1].

The iShares India 50 ETF, which tracks the performance of the 50 largest Indian companies by market capitalization, has seen its one-year performance fall below the 200-day moving average. The 52-week range for INDY is between $46.93 and $57.30 per share, indicating a significant decline from its peak.

The recent tariff announcement has led to a decline in U.S.-listed shares of Indian companies. IT firms such as Infosys (INFY1) and Wipro (WIPRO) saw their shares drop by 0.7% and 1.6% respectively. Private banks HDFC Bank (HDFCBANK) and ICICI Bank (ICICIBANK) also experienced a decline, falling by 1.4% and 1.3% respectively. Generic drugmaker Dr Reddy's Laboratories (DRREDDY) dropped 4.4%, hitting an eleven-week low [1].

The Indian rupee (USDINR) closed 0.7% lower against the dollar earlier in the day, reflecting market uncertainty. Nilesh Shah, managing director at Kotak Mahindra Asset Management, commented on the situation, stating that "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].

The iShares India 50 ETF's decline below its 200-day moving average is a significant indicator for investors, signaling a potential trend reversal. The ETF's performance is closely tied to the broader Indian equity market, which has been impacted by the ongoing trade tensions between the United States and India.

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/
[2] https://finance.yahoo.com/quote/SMIN/