New Delhi, Aug. 5 -- At first glance, it appears that the Indian stock market is downplaying the threat of Trump's tariffs.

Contrary to widespread apprehensions that US President Donald Trump's latest tariff threats would trigger a sharp sell-off in the Indian stock market on Tuesday, the domestic market displayed remarkable resilience.

Benchmark indices-the Sensex and the Nifty 50-fell about half a per cent each during the session but pared losses as the day progressed. The Nifty 50 dipped below the 24,600 mark but soon reclaimed the level.

On July 30, Trump announced a 25 per cent tariff on India and said he would also impose a penalty due to India's energy and defence ties with Russia.

On July 4, Trump launched a fresh salvo. Accus...