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Sensex tanks 706 points as 25% extra US tariff kicks in
Millennium Post Kolkata
|Kolkata 29August2025
Besides, persistent foreign fund outflows also dented investors' sentiment leading to a steep fall in two consecutive sessions
MUMBAI: Stock market benchmark indices tumbled on Thursday, with the Sensex cracking 706 points, as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect.
Besides, persistent foreign fund outflows also dented investors' sentiment leading to a steep fall in two consecutive sessions.
The additional 25 per cent tariff imposed by the US on India came into effect on Wednesday, bringing the total levies on Indian goods to 50 per cent.
The 30-share BSE Sensex tanked 705.97 points or 0.87 per cent to settle at 80,080.57. During the day, it dropped 773.52 points or 0.95 per cent to 80,013.02.
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