BSE Sensex, Nifty 50 sink after Trump's 25% tariff shock

The market was jolted today (July 31, 2025). A surprise 25 per cent US tariff on Indian exports sent the Nifty 50 tumbling below 24,700, wiping out Tuesday’s gains in one swift move. The BSE Sensex, too, tumbled over 500 points slipping below 81,000. From auto to IT, no sector was spared, as investors rushed to reassess their positions amid rising trade tensions. What has happened? In today’s early morning trade, the Nifty 50 had slid 160 points to 24,696, its weakest opening in over a month. The BSE Sensex dropped over 540 points to 80,937, mirroring the selloff. Mid and small caps were hit harder, down ne