Overview

• A Department of Homeland Security draft notice made an additional 25% tariff effective from 12:01 am EDT on Aug. 27, lifting the overall US duty on Indian goods to roughly 50% and citing threats linked to Russia.
• On Thursday, the Sensex closed down 706 points at 80,080.57 and the Nifty finished at 24,500.90, capping a second straight drop that erased about Rs 9.7 lakh crore in market value over two sessions.
• Foreign investors accelerated selling while domestic institutions bought, with FIIs offloading about Rs 6,516 crore on Tuesday and a further Rs 3,593 crore provisionally on Thursday as DIIs purchased roughly Rs 7,060 crore and Rs 6,347 crore, respectively.
• Export-exposed sectors face the greatest pressure, IT and financial heavyweights led Thursday’s declines, and a government move to extend duty-free cotton imports offered only brief relief.
• Markets opened modestly higher on Friday after the sharp slide, with analysts pointing to oversold conditions and ongoing volatility as negotiations and policy signals remain unclear.