New Delhi, August 26 (HS): Indian equities opened lower on Tuesday, weighed down by heavy selling after U.S. President Donald Trump issued a notification imposing an additional 25 percent tariff on imports from India. The move rattled investor sentiment, dragging both the Sensex and Nifty into early losses.
The markets started on a weak note and extended declines within the first hour of trade as selling pressure intensified. By 10 a.m., the Sensex had slipped 580.29 points, or 0.71 percent, to 81,055.62, while the Nifty dropped 185.75 points, or 0.74 percent, to 24,782.
Among heavyweight stocks, Nestlé, Hindustan Unilever, Infosys, Eicher Motors and TCS managed to buck the trend, gaining between 0.33 percent and 1.34 percent. In contrast, Sun Pharmaceuticals, Shriram Finance, Dr. Reddy’s Laboratories, Tata Steel and Jio Financial Services were the top laggards, slipping between 1.27 percent and 2.69 percent.
Market breadth remained sharply negative — of the 2,504 actively traded shares, 2,036 slipped into the red while only 468 were in the green. On the Sensex, just three stocks managed to hold gains, while 27 were under selling pressure. Similarly, on the Nifty, nine stocks traded higher compared with 41 in decline.
At the opening, the BSE Sensex had fallen 258.52 points to 81,377.39 before accelerating losses, while the NSE Nifty dropped 68.25 points to start at 24,899.50 and quickly slipped further during early deals.
On Monday, however, markets had closed on a firm note, with the Sensex gaining 329.06 points (0.40%) to settle at 81,635.91, and the Nifty rising 97.65 points (0.39%) to end at 24,967.75.
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Hindusthan Samachar / Jun Sarkar
