India, Aug. 7 -- Benchmark equity indices tumbled in early trade on Thursday, August 7, as investor sentiment took a hit following United States President Donald Trump's decision to impose an additional 25% tariff on exports from India, escalating trade tensions between the two countries.
The BSE Sensex dropped 335.71 points to 80,208.28 in the opening session, while the NSE Nifty fell 114.15 points to 24,460.05.
The decline comes a day after Washington doubled tariffs on Indian goods to 50%, placing India among the highest-taxed US trading partners. The move has raised fears of a prolonged trade standoff and its potential impact on India's export-dependent sectors.
Gift Nifty futures were trading at 24,586 points as of 7:05 am, hintin...
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