Indian stock market tumbled on the second consecutive session, ending in the red territory on Thursday due to the additional 25 per cent import tariffs by the US on Indian imports, which came into effect a day earlier.
Indian stock markets remained shut on Wednesday on account of Ganesh Chaturthi. Since the festival is a state holiday in Maharashtra, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), which are headquartered in Mumbai, observed a trading holiday.
The Indian stock market on Tuesday witnessed a sharp sell-off after the Trump administration issued a notification to impose an additional 25 per cent tariff on Indian imports. The secondary tariffs will come into effect from August 27 and take the total tariff on Indian goods to 50 per cent
Indian stock markets opened under pressure on Tuesday as the United States Customs Department went ahead with the decision to impose 50 per cent tariffs on Indian goods and published a draft notice.
The Indian stock markets have registered double-digit sequential growth in new investor registrations during the current financial year so far, excluding April, according to a report released by the National Stock Exchange (NSE).
Indian equity markets started the fresh week with gains in the opening session on Monday, taking positive cues from a rally across other Asian markets.
Indian stock markets opened on a cautious note in negative territory on Friday as investors turned wary ahead of the implementation of impending US tariffs, alongside weak global cues and no progress in the Ukraine conflict.
The Indian stock market on Thursday ended higher on the sixth consecutive session as investors' sentiments are optimistic due to the possible Goods and Services Tax (GST) rate cut.
The positive momentum in Indian equities continued on Thursday morning as key benchmark indices opened higher, though investors remained cautious amid global uncertainties