Domestic equity benchmarks suffered sharp losses on Tuesday amid a broad-based sell-off, led by financial stocks, as investors fretted about an official US notification confirming the Trump 2.0 administration’s move to take the total duty on Indian goods to 50 per cent.
Both headline indices tumbled 1.0 per cent for the day. The Sensex gave up 849.4 points to end at 80,786.5 while the Nifty50 lost 255.7 points to settle at 24,712.1.Â
The additional duty of 25 per cent — taking the total levy to 50 per cent — takes effect on Wednesday.Â
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