The equity benchmark index, Sensex, dropped by 849 points on Tuesday, falling below the 81,000 level. This decline was driven by widespread selling pressure following the United States’ announcement of a draft notice regarding the implementation of an additional 25% tariff on Indian products.
Additionally, relentless foreign fund outflows and a weak global trend negatively impacted investor sentiment. The 30-share BSE index fell by 849.37 points, or 1.04%, closing at 80,786.54. During the day, the index experienced a significant drop of 949.93 points, or 1.16%, reaching a low of 80,685.98.
The 50-share NSE Nifty index also fell by 255.70 points, or 1.02%, closing at 24,712.05. During the intra-day session, it experienced a drop of 278.15 points, or 1.11%, reaching an intra-day low of 24,689.60. In the Sensex, the major depreciators included Sun Pharmaceutical, Tata Steel, and Bajaj Finance, while the gainers were Hindustan Unilever, Maruti Suzuki, and Tata Consultancy Services.
President Donald Trump issued a draft earlier this month that would implement an additional 25% tariff on Indian products. The Department of Homeland Security has announced that a new tariff on Indian products for consumption will take effect at 12:02:01 a.m. Eastern Daylight Time on August 27, 2025.
Also read: FlipKart plans to hire 2.2 lakh people ahead of festivals
The notice indicated that these higher tariffs are associated with “threats to the U.S. posed by the government of the Russian Federation,” with India being targeted as part of this strategy.
On Monday, foreign institutional investors sold equities valued at Rs. 2,466.24 crore, according to exchange data.
