Stock Market LIVE: Sensex Down ~500pts, Nifty Below 24,700 After Trump Tariff Shocker

Stock Market LIVE : The Indian stock market opened sharply lower after U.S. President Donald Trump announced a **25% tariff** on Indian imports starting August 1, along with an unspecified penalty. Investor sentiment turned negative within minutes.

• Sensex fell ~600 points or 0.71% to around 80,882–80,888. :contentReference[oaicite:6]{index=6}
• Nifty 50 declined ~0.66% to about 24,690–24,699. :contentReference[oaicite:7]{index=7}
• All 16 major sectors recorded losses; small‑cap and mid‑cap indices were down ~1.25%. :contentReference[oaicite:8]{index=8}

📉 Key Drivers Behind the Sell-off

Multiple factors put pressure on markets:

1. Trade shock: The new tariffs target key Indian exports, worsening global trade tensions and negating hopes for an early U.S.–India deal. :contentReference[oaicite:9]{index=9}
2. Export risk: Export-oriented sectors like textiles, pharma, and auto components are most vulnerable. :contentReference[oaicite:10]{index=10}
3. Foreign investor exit: FIIs sold over ₹60‑70 billion in equities, marking sharp outflows. :contentReference[oaicite:11]{index=11}
4. Currency pressure: The rupee slid toward ₹87.95/USD; RBI intervention is expected. :contentReference[oaicite:12]{index=12}

📊 What Analysts Are Saying

Experts see this as a near-term setback:

• **Dr. VK Vijayakumar** (Geojit): “25% tariff plus penalties is very bad news for exports and macro growth—impact seen in this sell-off.” :contentReference[oaicite:13]{index=13}
• **Garima Kapoor** (Elara Capital): “Tariffs higher than peers—India may lose GDP growth and investor confidence in the short run.” :contentReference[oaicite:14]{index=14}
• Technical analysts expect immediate support zone near **24,650–24,700**, with volatility spike likely. :contentReference[oaicite:15]{index=15}

📋 Sector Impact and Stock Movers

• Export-heavy sectors: Textiles, pharmaceuticals, auto components, gems & jewelry are most impacted.
• Tech & IT: Under pressure due to global demand fears.
• Financials: Softness seen as overall risk-off sentiment prevails.

In midday trade, stocks like Tata Motors, Reliance, HDFC Bank, Bharti Airtel, and Dr. Reddy’s notably declined. :contentReference[oaicite:16]{index=16}

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🧾 Investor Watchlist

1. Monitor rupee stability around **₹87.50–88.00/USD**
2. Watch FII flows—sustained outflows may deepen the correction
3. Key support to watch: **Sensex 80,500**, **Nifty 24,650**

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📵 Disclaimer

This post is for informational purposes only—not financial advice. Markets may react further ahead. Consult a SEBI-registered advisor before making investment decisions.