New Delhi, Aug. 28 -- As the Indian stock market extended its sharp losses to the second straight day on Thursday, August 28, the Nifty 50 and Sensex fell over 0.80% each to the day's low, as investor sentiment was hit by the US decision to impose an additional 25% tariff on Indian imports. This comes on top of the 25% duties announced earlier this month.

The additional 25% tariff, which came into effect on August 27, is seen as a penalty on India for its continued purchase of Russian oil, with Donald Trump accusing the country of financing Russia's war in Ukraine.

Amid the ongoing tariff turmoil, which has been weighing heavily on investor sentiment, auto stocks appear to be emerging as a bright spot. The sector's limited dependence on...