Mounting concerns over the economic fallout of US President Donald Trump’s 50 per cent tariffs on India, coupled with his signals that trade negotiations will remain on hold until the dispute is resolved, have hit the Indian stock market hard.
A wave of sharp sell-off engulfed the Indian stock market on Friday, August 8, dragging the market benchmarks down by 1 per cent each.
The Sensex suffered a loss of 765 points, or 0.95 per cent, to close at 79,857.79, while the Nifty 50 dropped 233 points, or 0.95 per cent, to close at 24,363.30.
(This is a developing story. Please check back for fresh updates.)
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