** India’s stock benchmarks Nifty 
NIFTY and Sensex 
SENSEX trade flat, as financials led by Kotak Mahindra Bank offset broader losses
** U.S. President Donald Trump delays implementation of tariffs to August 1 and announces steep import levies on several trading partners, while signalling an India deal is close
** Risk aversion lingers amid uncertainty over India-U.S. trade talks, say two analysts
** Eight of the 13 major sectors decline; the broader small-caps 
CNXSMALLCAP and mid-caps CNXMIDCAP drop 0.8% each
** Financials 
CNXFINANCE and private banks (.NIFPVTBNK) rise 0.4% and 0.6%, with Kotak Mahindra Bank 
KOTAKBANK jumping 3% after strong June-quarter loan and deposit growth
** Pharma stocks 
CNXPHARMA fall 1.5% after Macquarie downgrades Aurobindo 
AUROPHARMA and Dr. Reddy’s 
DRREDDY and slashes targets for Lupin 
LUPIN, Cipla 
CIPLA and Zydus 
ZYDUSLIFE on U.S. pricing concerns
** Titan 
TITAN falls after disappointing June-quarter sales, while BSE 
BSE, Angel One 
ANGELONE and CDSL 
CDSL slide on regulatory concerns after Jane Street ban
** Textile stocks rise after the U.S. imposes 35% tariffs on Bangladesh, a major garments exporter and competitor to India