Overview

• The additional 25% U.S. levy took effect Aug. 27 (EDT) under a DHS notice, lifting duties on many Indian goods to roughly 50%.
• Benchmarks extended losses on Aug. 29, with the Sensex closing at 79,809.65 (-271) and the Nifty at 24,426.85 (-74), following Aug. 28’s 706-point Sensex drop to 80,080.57.
• Foreign investors sold heavily through the week—about Rs 6,516 crore on Aug. 26 and Rs 3,857 crore on Aug. 28—while domestic institutions bought roughly Rs 7,060 crore and Rs 6,920 crore, respectively.
• Export-facing segments such as textiles, gems and jewellery, footwear, seafood, chemicals and auto components stayed under pressure, with defensives like FMCG showing relative resilience.
• The government extended duty-free cotton imports to Dec. 31 to support textile exporters, but brief intraday rebounds faded and two-day BSE market-cap losses neared Rs 9.7 lakh crore.