Indian stock market, Aug. 9 -- A sharp wave of selling pressure swept through the Indian stock market on Friday, August 8, pulling the key benchmarks down by around 1% each.

The Sensex fell 765 points, or 0.95%, to settle at 79,857.79, while the Nifty 50 declined 233 points, or 0.95%, ending at 24,363.30. Among the broader indices, the BSE Midcap index slipped 1.56%, and the Smallcap index shed 1.03%.

According to experts, the Indian stock market has stayed steady even after Donald Trump first announced a 25 percent tariff on certain Indian exports and then increased it further to 50 percent. Many expected such a steep hike to cause a sharp market crash, but that did not happen.

The market has remained sluggish over the past six weeks....