(Reuters) -India’s equity benchmarks opened lower on Tuesday as investors remained concerned about U.S. tariffs, with the additional 25% duties on Indian goods scheduled to take effect on Wednesday.
The Nifty 50 fell 0.6% to 24,818.8 points and the BSE Sensex lost 0.61% to 81,135.1 as of 9:22 a.m. IST.
Fifteen of the 16 major sectors traded lower. The broader mid-caps and small-caps declined about 1% each.
U.S. President Donald Trump had announced 25% punitive tariff on Indian goods over New Delhi’s purchase of Russian oil amid the war in Ukraine, adding to the 25% duties already in effect.
The U.S. Department of Homeland Security outlined the procedure to implement the additional tariff on Indian goods in a notification on Monday.
(Reporting by Vivek Kumar M; Editing by Sumana Nandy)
