Stock Market Live Today: Indian equity markets opened sharply lower on Thursday, reacting to heightened global risk aversion after US President Donald Trump announced a sweeping 25% tariff on all Indian imports.
As of 9:27 AM, the Nifty50 had declined 182.60 points, or 0.73%, to 24,668.20, while the Sensex was down 611.48 points, or 0.75%, at 80,870.38. Analysts expect markets to fall by 1–2% during the session as investors digest the geopolitical and economic implications of the move.
Trump, in a sharp rebuke, stated that India imposes “some of the highest tariffs in the world” and maintains “the most strenuous and obnoxious non-monetary trade barriers of any country.” He also warned of further penalties tied to India’s continued energy imports from Russia.
With this announcement, India now faces one of the steepest US tariff regimes. In comparison, Vietnam faces 20% tariffs, Indonesia 19%, and Japan 15%. Brazil, meanwhile, received temporary relief from a proposed 50% tariff.
Sectors expected to be most impacted include garments, pharmaceuticals, gems and jewellery, automotive, and petrochemicals—areas that form a significant part of India’s exports to the US.