The Indian stock markets faced heavy selling pressure today.
- Sensex dropped by more than 700 points, while Nifty50 slipped below 24,550, ending the day near 24,500.
- The main trigger was the U.S. decision to impose 50% tariffs on Indian goods, affecting industries like textiles, jewelry, and engineering.
- Investors lost nearly ₹4 lakh crore in overall market value in just two trading sessions.
- The fall also pushed Nifty below its 100-day average, raising concerns about further weakness.
