US Tariffs Slam Indian Markets: Sensex, Nifty Plunge
US-imposed tariffs, doubling duties on several Indian goods due to alleged increased Russian oil imports, sent shockwaves through Indian stock markets on Thursday, August 7, 2025. The Sensex and Nifty experienced significant declines, reflecting investor anxieties.
The increased tariffs are expected to severely impact key export sectors. Textiles, marine products, and leather exports are likely to bear the brunt of this sudden escalation.
Foreign portfolio investors reacted swiftly, offloading equities in large volumes, further contributing to the market downturn. This sell-off amplified the negative impact of the tariff announcement.
The escalating trade tensions coincided with a global rise in oil prices, adding another layer of pressure on the Indian economy. This dual challenge poses significant risks to economic growth.
The impact of these tariffs extends beyond the immediate market fluctuations. The livelihoods of millions dependent on these export-oriented industries are now at stake, demanding immediate government intervention and a robust response to mitigate the economic fallout.
