Sensex, Nifty Fall 0.6% as US Tariff Hits IT & Pharma Stocks

The Indian stock market opened lower on August 8 after a fresh trade shock from the United States. US President Donald Trump announced an additional 25% tariff on Indian goods, triggering selling pressure in key sectors.

At 10:11 am, the Sensex was down 459.14 points or 0.57% at 80,164.12, while the Nifty slipped 139.80 points or 0.57% to 24,456.35. Market breadth was negative — 1,450 shares advanced, 1,707 declined, and 135 remained unchanged.

IT & Pharma Lead Losses

IT companies, which depend heavily on the US market, fell 0.6%. The pharma index dropped 0.7%. Other sectors such as metal, realty, and auto also traded lower, adding to the market’s weakness.

Also Read: Textile Sector Faces Financial Squeeze as Banks Tighten Lending Post Tariffs

Broader Market Under Pressure

Out of the 16 major sectoral indices, half were in the red. The Nifty Smallcap100 and Nifty Midcap100 indices also fell up to 0.7%, indicating selling pressure beyond large-cap stocks.

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