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Journalism of Courage
The Indian stock market opened lower on Thursday, a day after the United States government implemented their additional tariffs on India. Sensex tanked 508.16 points to 80,278.38 in early trade on Thursday morning, while Nifty dove 157.35 points to 24,554.70.
Fourteen of the 16 major sectors logged losses. The broader small-caps and mid-caps were down 0.2% and 0.1%, respectively.
From the Sensex firms, HCL Tech, HDFC Bank, Power Grid, Sun Pharma, NTPC and Bharat Electronics were among the major laggards. However, Eternal, Asian Paints, Titan, Maruti and Larsen & Toubro were the gainers.
On Tuesday, Sensex tanked 849.37 points or 1.04 per cent to settle at 80,786.54, and Nifty dropped 255.70 points or 1.02 per cent to 24,712.05, their sharpest single-day percentage drop in three months, a day before the US tariffs took effect.
On Wednesday, the 50 percent total tariffs imposed by the Trump administration on Indian goods came into effect, after US President Donald Trump called out India for buying Russian oil.
Meanwhile, Prime Minister Narendra Modi asserted that his government would shield small entrepreneurs, farmers, and livestock rearers.
