Brief by Shorts91 Newsdesk / 09:05am on 31 Jul 2025,Thursday Business
On July 31, 2025, Indian stock markets opened sharply lower as U.S. President Donald Trump announced a 25% tariff on Indian exports, effective August 1, along with unspecified penalties tied to India’s trade ties with Russia . The Sensex tumbled nearly 800 points and the Nifty 50 fell over 1%, triggering an initial ₹5.46 lakh crore drop in overall market capitalization within minutes . The rupee weakened to around ₹87.74, approaching a five-month low . Although both indices soon bounced back—recovering as much as 700 points—export-driven sectors like textiles, pharmaceuticals, auto parts, and seafood bore the brunt of early losses . Market experts believe the shock may be transient, anticipating tariff negotiations and emphasizing India’s strong domestic fundamentals. (PC: Reuters)
