India, July 31 -- Indian shares were notably lower on Thursday after the United States slapped a 25 percent tariff on India, effective August 1, and threatened further penalty on Russian oil and BRICS.
Analysts said the move will hurt a spate of sectors - from makers of electronics and generic drugs to jewelry and auto component firms.
The benchmark BSE Sensex was down 539 points, or 0.7 percent, at 80,942 in early trade while the broader NSE Nifty index fell 162 points, or 0.7 percent, to 24,693.
Among the prominent decliners, Tech Mahindra, TCS, Titan Company, HCL Technologies, Maruti Suzuki India, ICICI Bank, Infosys, Bajaj Finance, Reliance Industries and Bharti Airtel fell 1-2 percent.
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