Mumbai, Aug. 7 -- The selling pressure continued in Indian markets on Thursday after US President Donald Trump announced an additional 25 per cent tariff on Indian goods.

With this new move, Indian exports to the United States have now become 50 per cent more expensive. The news has triggered concerns among investors, leading to a sell-off across major indices.

The benchmark Nifty 50 index opened at 24,464.20, down by 110.00 points or 0.45 per cent, while the BSE Sensex opened at 80,262.98, declining by 281.01 points or 0.35 per cent. Both indices reflected the cautious mood in the market following the US decision.

SBI Securities, in a market note, mentioned that the Nifty index has been consolidating between 24,784 and 24,535 over the...