Indian stock market, Aug. 7 -- What could be termed as a classic tussle between bulls and bears, the Indian stock market benchmarks - the Sensex and the Nifty 50 - are neither nosediving nor showing complete resilience against the looming tariff threat.

The Sensex and the Nifty 50 dropped by almost a per cent during the session, but rebounded smartly during the fag-end of the session.

The 30-share pack closed 79 points, or 0.10 per cent, up at 80,623.26, while the Nifty 50 settled at 24,596.15, up 22 points, or 0.09 per cent.

On July 30, Trump announced a 25 per cent tariff on India. Subsequently, on August 6, he imposed an additional 25 per cent tariff on Indian imports, cumulatively raising the total US tariff on Indian exports to 50...