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Investors jittery as US revises tariff heat

August 06, 2025

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Business Standard

Sensex and Nifty End Lower Ahead of RBI Policy Decision

- SUNDAR SETHURAMAN

Investors jittery as US revises tariff heat

Indian equity benchmarks declined on Tuesday after US President Donald Trump's renewed threat to impose additional tariffs on India over its oil purchases from Russia, and general caution ahead of the Reserve Bank of India's (RBI's) monetary policy decision on Wednesday. The Sensex on Tuesday ended the session at 80,710, down 309 points or 0.4 per cent. Meanwhile, Nifty ended the session at 24,650, a drop of 73 points or 0.3 per cent. The total market capitalization of BSE-listed firms declined by ₹83,000 crore to end at ₹448 trillion.

US President Donald Trump on Tuesday said he would raise tariffs on Indian goods over the next 24 hours in response to India's continuing purchase of Russian oil. Trump's latest announcement comes a week after he announced a 25 per cent tariff on Indian imports, which is one of the highest for a major economy.

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