Business
As US Tarrifs Begin To Take Effect , Stock Market Benchmark Indices Stumbled, Sensex Tanks 706 Points
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Stock market benchmark indices tumbled , with the Sensex cracking 706 points, as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect.
Besides this, persistent foreign fund outflows also dented investors’ sentiment.
The additional 25 per cent tariff imposed by the US on India came into effect on August 27, 2025 , bringing the total amount of levies imposed on New Delhi to 50 per cent.
The 30-share BSE Sensex tanked 705.97 points or 0.87 per cent to settle at 80,080.57.
During the day, it dropped 773.52 points or 0.95 per cent to 80,013.02.
The 50-share NSE Nifty dived 211.15 points or 0.85 per cent to 24,500.90.
From the Sensex firms, HCL Tech, Infosys, Power Grid, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, Bharti Airtel and ICICI Bank were among the major laggards.