Mumbai, Aug. 26 -- Domestic equities opened under pressure on Tuesday as the United States Customs Department went ahead with the decision to impose 50 per cent tariffs on Indian goods and published a draft notice.
The new tariffs will come into effect from August 27.
Though investors had largely factored in the possibility of such steep tariffs, there was hope in the market for a delay or back-channel relief. With the announcement now making the tariffs a reality, investor sentiment weakened in early trade.
The Nifty 50 index opened at 24,899.50, slipping by 68.25 points or 0.27 per cent, while the BSE Sensex started at 81,377.39, down 258.52 points or 0.32 per cent.
Ajay Bagga, Banking and Market Expert, told ANI that investors rema...
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