Sensex Sheds 500 Points as Trump’s New Tariffs Rattle Indian Markets
Indian stock markets plunge as US President Donald Trump imposes 25% tariff on Indian imports. Sensex down 500 points; all sectors in red.
Sensex plunges over 500 points as US tariffs on Indian imports spark panic across sectors.
The announcement of a 25% tax on Indian imports by the United States caused widespread fears across several sectors, causing Indian stock markets to open substantially lower on Wednesday, July 31. Investor sentiment has been lowered by the decision, which is scheduled to go into force on August 1 and could strain trade relations between the US and India.
Opening Market: Nifty and Sensex Fall
The following important indices were in deep red as of 9:17 AM IST:
- With a 500-point decline, the BSE Sensex fell 0.71% to 80,888.01.
- The Nifty 50 dropped to 24,699.10, down 0.66%.
In addition, the small-cap and mid-cap indices fell by about 1.25%, reflecting the heat on the larger markets.
All Sectors Are in Red
Reflecting the general market apprehension, all 16 major sectors indices began the day down. According to experts, months of bilateral trade negotiations may be derailed by the US tariffs' surprise severity, which targets Indian exports more severely than other trading partners at 25%.
Trump's Remark and the Future of the Market
While acknowledging the duties and pointing to persistent trade deficits, President Donald Trump stated that talks with India are still in progress.
Important Indian exports to the US, the textile, pharmaceutical, and automobile component industries, are predicted by market analysts to be the most negatively impacted.
🔍 What Investors Should Know
For Indian stocks, the most recent trade developments have added another level of worry. Given the ongoing discussions between the US and India, market volatility might continue in the near future.
