{"id":63545,"date":"2025-08-28T04:43:59","date_gmt":"2025-08-28T04:43:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/08\/28\/sensex-nifty-decline-on-tariff-worries-2\/"},"modified":"2025-08-28T04:43:59","modified_gmt":"2025-08-28T04:43:59","slug":"sensex-nifty-decline-on-tariff-worries-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/08\/28\/sensex-nifty-decline-on-tariff-worries-2\/","title":{"rendered":"Sensex Nifty Decline On Tariff Worries"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump&#8217;s 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.<\/p>\n<p>The Global Trade Research Initiative (GTRI), a New Delhi-based think tank, said that textiles, gems, jewelry, shrimp and carpets would be worst affected, with the sectors bracing for a 70 percent collapse in exports, endangering hundreds of thousands of jobs.<\/p>\n<p>Meanwhile, media reports quoted a senior government official as saying that India may consider relaxing certain FDI restrictions on Chinese investments amidst improving bilateral relations.<\/p>\n<p>&#8220;If need be, we can take a relook at Press Note 3,&#8221; the official said. &#8220;All options are open.&#8221;<\/p>\n<p>In an interview with Bloomberg, U.S. President Donald Trump&#8217;s trade counsellor Peter Navarro has accused India of playing a double game on trade and energy, alleging that its actions amounted to &#8220;Modi&#8217;s war&#8221;.<\/p>\n<p>The benchmark BSE Sensex was down 512 points, or 0.6 percent, at 80,274 in early trade, while the broader NSE Nifty index dipped 157 points, or 0.6 percent, to 24,555.<\/p>\n<p>Among the prominent decliners, Mahindra &amp; Mahindra, Tech Mahindra, NTPC, Infosys, TCS, Tata Motors, Power Grid Corp, HDFC Bank, Sun Pharma and HCL Technologies fell 1-2 percent. <\/p>\n<p>Eternal rose 1.1 percent after BNP Paribas bought 10.12 crore shares in the company via a block deal. <\/p>\n<p>InterGlobe Aviation slumped 4 percent after reports that promoter Rakesh Gangwal and his family trust are likely to divest up to 3.1 percent stake for Rs 7,027.7 crore in the company. <\/p>\n<p>United Breweries declined 1.4 percent after announcing plans to expand its Telangana brewery capacity. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Nifty Decline On Tariff Worries<\/a><br \/>\n<br \/>2025-08-28 04:43:59<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump&#8217;s 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":63546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-63545","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/63545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=63545"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/63545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/63546"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=63545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=63545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=63545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}