Benchmarks tumble as US tariffs stoke global trade war concerns

Sensex, Nifty end lower for a fifth straight week — longest losing run in two years

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Domestic markets tumbled along with global peers as the latest US tariff announcements sparked concerns about global trade and dampened investor sentiment.

The benchmark Sensex fell 586 points, or 0.72 per cent, to end at 80,600. The Nifty 50 tumbled 203 points, or 0.82 per cent, to close at 24,565, its lowest level since June 3.

Both the indices also capped their fifth straight weekly losses—their longest losing streak since August 2023.

Most Asian markets fell with South Korea leading the drop with a near 4 per cent retreat.