Mumbai, Aug 26
The Indian benchmark indices began the trading in red on Tuesday, after a draft notice published by the Department of Homeland Security (DHS) revealed that US President Donald Trump plans to go ahead with 50 per cent tariffs on Indian goods from Wednesday.
The Nifty 50 fell 167.90 points, or 0.67 per cent, at 24,799, while the Sensex declined 546 points, or 0.67 per cent at 81,089.
Trump had earlier said the US would raise tariffs on Indian goods to 50 per cent from 25 per cent, citing the country's purchases of Russian crude oil.
Among sectoral indices, the Nifty Metal index slipped 1.04 per cent. The Nifty Pharma index declined 1.57 per cent, the Nifty PSU Bank index was down 0.84 per cent and the Nifty Private Bank index fell 0.96 per cent.
In the Nifty pack, top gainers included Bajaj Auto, Hero Motocorp, HUL, and Infosys. Among the top losers were Tata Steel, Dr Reddys Labs, ICICI Bank, and Tata Motors.