Market Snapshot
Indian equity markets slid in early trade today, reflecting renewed concerns over global trade tensions.
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Nifty 50 dropped around 0.4% to 24,475.55, hitting a three-month low.
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BSE Sensex followed suit, falling over 500 points, testing the 24,400–24,450 zone.
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Weaker sentiment extended to the small-cap and mid-cap segments, which each shed roughly 0.4%.
What’s Driving the Decline?
The slide comes in the wake of the U.S. raising tariffs on Indian exports by an additional 25%, effectively doubling tariff rates to 50%. This escalation has rattled investor confidence and poured cold water on market sentiment. Reuters
Despite the turbulence, the RBI retained its 6.5% GDP growth forecast for the year, offering a glimmer of economic stability.
Performance at a Glance
| Index | Movement |
|---|---|
| Nifty 50 | –0.4% to 24,475.55 |
| Sensex | –500+ points |
| Small/Mid-caps | –0.4% each |
Analysts caution the downturn may persist unless diplomatic clarity follows quickly, though a U.S. trade delegation visit scheduled for August 24 could help ease tensions.
