US Tariff Spike Hits Indian Markets

  Published 7 months ago

The US imposes an extra 25% tariff on Indian goods, causing markets to drop and sectoral pressure.

  • Nifty and Sensex fell about 0.7%, with mid‑caps and small‑caps each slipping roughly 1% today.
  • Heavyweights like Reliance, financials, and pharma dropped 1‑1.4%; export‑linked sectors face tariff impact in India.
  • Consumer FMCG rose 0.3%, while Vodafone Idea plunged 10% amid unresolved government dues relief.

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