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2h ago

Sensex Sinks 706 Points as New U.S. Tariffs on India Take Effect

Washington frames the extra 25% levy as a Russia-related measure, prompting exporter pressure despite a cotton duty reprieve.

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A woman walks past an electronic screen displaying the stock index prices of Asian countries outside a brokerage in Tokyo, Japan April 24, 2025. REUTERS/Issei Kato/ File Photo

Overview

  • Benchmark indices closed lower for a second session, with the Sensex at 80,080.57 (-706) and the Nifty at 24,500.90 (-211).
  • The Department of Homeland Security order applies an additional 25 percentage points on many Indian imports for entries from 12:01 a.m. EDT on Aug. 27, citing threats tied to Russia.
  • Foreign investors were heavy sellers around the tariff news (about Rs 6,516 crore net on Tuesday) while domestic institutions bought roughly Rs 7,060 crore.
  • The government extended duty‑free cotton imports until December 31 to support textile exporters facing steeper U.S. charges.
  • Selling was broad-based with IT and financials dragging, and investor wealth declined by roughly Rs 3.9 lakh crore on Thursday.