Stock market today, July 31 -- The Indian stock markets opened significantly lower on Thursday, experiencing a substantial sell-off following US President Donald Trump's declaration of a 25 percent tariff on goods from India, alongside penalties on purchases of Russian crude oil and defense supplies.

This announcement has sparked widespread alarm among investors and raised concerns about a potential decline in exports and overall business sentiment.

At the opening bell, the Nifty 50 index fell to 24,642.25, which represents a decrease of 212.80 points or 0.86 percent. Similarly, the BSE Sensex also saw a notable drop, starting at 80,695.50 after losing 786.36 points or 0.97 percent.

Market analysts suggest that while the consequences o...