INDIA STOCKS-Indian shares open lower after Trump threatens 25% tariff, penalty
July 31 (Reuters) - Indian shares opened lower on Thursday after the United States said it would impose a 25% tariff on goods imported from the country starting August 1 and an unspecified penalty.
The Nifty 50 .NSEI fell 0.66% to 24,699.1 points and the BSE Sensex .BSESN lost 0.71% to 80,888.01 as of 9:17 a.m. IST.
All 16 major sectors logged losses at the open. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fell about 1.25% each.
The 25% figure would single out India more severely than other major trading partners, and threaten to unravel months of talks between the two countries.
After announcing the tariffs, President Donald Trump said the U.S. is still negotiating with India on trade.
Analysts expect sectors such as textiles, pharmaceuticals, and automotive components, which are key Indian exports to the U.S., to be impacted the most by higher tariffs.
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