Overview

• U.S. Customs published a notice lifting the additional tariff on Indian imports from 25% to 50%, effective August 27.
• In early trade, Nifty50 slipped to 24,834.30 (-0.53%) and the BSE Sensex fell to 81,188.52 (-0.55%) following the notification.
• Export-focused sectors including pharmaceuticals, IT services and auto parts were flagged as most exposed to the higher U.S. levy.
• Foreign portfolio investors sold Rs 2,466 crore of equities on Monday as domestic institutions bought Rs 3,177 crore.
• India has lagged global markets since April despite Fed rate-cut hopes, and investors now eye the September 3–4 GST Council meeting for potential relief.