Mkt sheds 1,500 points, investors lose ₹10 lakh crore

DOMESTIC equity market experienced a significant sell-off following the Trump administration's imposition of an additional 25% tariff on Indian goods, raising the total levy to 50%.

- ARSHAD KHAN @ New Delhi

DOMESTIC equity market experienced a significant sell-off following the Trump administration's imposition of an additional 25% tariff on Indian goods, raising the total levy to 50%. This move severely dampened sentiment, particularly for firms that derive a substantial portion of their revenue from the US.

The 50% duty on approximately $45 billion worth of exports is expected to adversely impact India's export economy and could lead to widespread job losses in key labour-intensive sectors such as textiles, gems and jewellery, and leather. The sentimental impact of this development is believed to be highly negative from the market perspective.