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yesterday

Trump’s 50% Tariffs Drop Sensex Below 80,000 While Global Stocks Rally

Domestic buying cushioned India’s sell-off triggered by Trump’s 50% tariffs.

blue stock market chart with teal bars going up
Image
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2025. REUTERS/Jeenah Moon/File photo
US President Donald Trump, right, hugs Prime Minister Narendra Modi during a news conference at the White House

Overview

  • The S&P BSE Sensex slid 765.47 points to 79,857.79 and the NSE Nifty dropped 232.85 points to 24,363.30, marking a three-month low for both indices.
  • Foreign Institutional Investors sold Rs 4,997.19 crore of Indian equities while Domestic Institutional Investors purchased Rs 10,864.04 crore in the latest session.
  • President Trump’s suspension of US-India trade talks followed the steep tariff hike, raising concerns for export-oriented industries such as steel, aluminium and textiles.
  • Japan’s Topix index climbed to a record 2,993.21 on strong corporate earnings even as government data showed real wages fell for a sixth consecutive month.
  • US benchmarks reached near-record highs with the Nasdaq closing at a fresh peak, underpinned by chip-stock rallies and growing bets on early Federal Reserve rate cuts.