Sensex tumbles over 500 pts, Nifty below 24,450 as Trump tariffs fog street sentiments; IT stocks fall
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Indian benchmark indices traded lower on Friday, extending intraday losses from the previous session, as investor sentiment remained fragile following U.S. President Donald Trump’s surprise move to double tariffs on Indian exports, with sentiment further weighed down by persistent foreign fund outflows. The BSE Sensex fell 502 points, or 0.62 %, to trade at 80, 120, while the NSE Nifty shed 141 points, or 0.57%, to open at 24,457. Within the 30-share Sensex, Bharti Airtel, Infosys, Bharat Electronics (BEL), Eternal, Axis Bank and HDFC Bank were among the top losers, shedding between 0.5% and 2.8%. Sectorally, IT and financial stocks bore the brunt of the selling, with the Nifty IT index down 0.6% and Nifty Financial Services slipping 0.2%. The Nifty and Sensex fell nearly 1% each on Thursday after U.S. President Donald Trump announced an additional 25% tariff on Indian exports, doubling existing levies to 50%. The White House cited New De...