Stock market today, Aug. 7 -- Indian stock markets declined on Thursday, with the key indices hitting three-month lows after the U.S. imposed a 25% additional tariff on Indian exports, raising concerns about the economic implications of increased trade friction.

As of 13:57 IST, the Nifty 50 was down 0.75% at 24,390, while the BSE Sensex decreased by 0.74% to 79,956.19, both reaching their lowest intraday levels since May.

On Wednesday, U.S. President Donald Trump announced the extra tariff on Indian products, citing India's ongoing importation of Russian oil.

Prior to the tariff announcement, the Reserve Bank of India maintained its GDP growth forecast for the year at 6.5%, downplaying the uncertainties related to tariffs.

Analysts n...