Sensex Slips 706 pts, Nifty Down 0.85% Amid US Double Tariffs Scare

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.

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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. The 50-share NSE Nifty dived 211.15 points or 0.85 per cent to 24,500.90.