India, July 31 -- Indian stock markets plunged on Thursday morning, hours after US President Donald Trump announced 25% tariff on imports from India, along with an unspecified penalty.

The Sensex fell around 500 points (-0.67%) in the early trade, settling around 80,975. Meanwhile, Nifty 50 lost over 150 points (-0.60%) to settle at 24,704.

The oil stocks were worst hit, with IOCL seeing a dip of 3,12 per cent and BPCL falling by 2.42 per cent.

The latest plunge comes hours after US President Donald Trump announced 25% tariff on Indian imports.

Published by HT Digital Content Services with permission from Hindustan Times....