Indian Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday as India braces for 25% tariff rate on its exports to the US. While Nifty50 went below 24,750, BSE Sensex was down over 100 points. At 9:16 AM, Nifty50 was trading at 24,727.45, down 41 points or 0.17%. BSE Sensex was at 81,047.39, down 138 points or 0.17%.
US President Donald Trump has signed an executive order announcing tariffs on 69 countries (including EU) which will be effective August 7, 2025. India is also a part of the list. Trump’s earlier deadline for reciprocal tariffs was August 1.
Since the date of implementation of the modified tariff rates is August 7th, that gives countries time to negotiate and bring the tariffs down. That may happen. Yesterday’s market action indicates that the market views the 25% tariff as a short-term issue. The rate is likely to come down after the next round of negotiations beginning this month.
