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Nifty, Sensex Open Lower as New Trump Tariffs Kick in - The Statesman

KONKAN DIVISION, MAHARASHTRA, AUG 1 – The 25% US tariff on Indian imports affects key sectors including pharmaceuticals, with exports to the US valued at $87 billion in 2024, according to market analysts.

Summary by The Statesman
The Indian markets started the day on the lower side on Friday, tracking weak global cues amid new Trump tariffs. The pharmaceutical stocks took the biggest hit, with Nifty Pharma declining 2.75 per cent.

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Firstpost News broke the news in Mumbai, India on Friday, August 1, 2025.
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