{"id":63570,"date":"2025-08-28T02:31:32","date_gmt":"2025-08-28T02:31:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/08\/28\/sensex-nifty-set-to-open-lower-as-new-u-s-tariffs-take-effect\/"},"modified":"2025-08-28T02:31:32","modified_gmt":"2025-08-28T02:31:32","slug":"sensex-nifty-set-to-open-lower-as-new-u-s-tariffs-take-effect","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/08\/28\/sensex-nifty-set-to-open-lower-as-new-u-s-tariffs-take-effect\/","title":{"rendered":"Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect"},"content":{"rendered":"
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Indian shares may open on a weak note on Thursday after U.S. President Donald Trump’s 50 percent tariffs on Indian goods came into effect on Wednesday.<\/p>\n

U.S. Treasury Secretary Scott Bessent said the bilateral ties remain “complicated”, but expressed confidence that the two countries would come together “at the end of the day”.<\/p>\n

Indian markets<\/span> were closed on Wednesday for Ganesh Chaturthi. Benchmark indexes Sensex and Nifty both fell over 1 percent on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports.<\/p>\n

The rupee fell by 12 paise to close at 87.68 against the greenback due to strong dollar demand from importers. <\/p>\n

Foreign institutional investors (FIIs) offloaded shares worth Rs. 6,516.49 crore on a net basis on Tuesday, while domestic institutional investors (DIIs) bought shares to the tune of Rs 7,060.37 crore, as per provisional data. <\/p>\n

Asian markets were mixed this morning as Nvidia’s sales outlook missed lofty expectations and reports suggested that the Mexican government is pushing for higher tariffs on Chinese imports. <\/p>\n

Short-dated Treasuries retreated after two days of gains. The dollar index fell as investors bet on a near-term Fed rate cut.<\/p>\n

Oil gave up some of the gains from the previous session while gold was slightly lower below $3400 per troy ounce.<\/p>\n

U.S. stocks ended higher overnight as investors looked past President Trump’s unprecedented move to fire Fed Board Governor Lisa Cook from the central bank’s board and braced for Nvidia results. <\/p>\n

The S&P 500 inched up 0.2 percent to reach a new record closing high while the Dow added 0.3 percent and the tech-heavy Nasdaq Composite edged up by 0.2 percent.<\/p>\n

European stocks ended mixed on Wednesday as investors continued to assess the political crisis in France. <\/p>\n

The pan European STOXX 600 gained 0.1 percent. The German DAX dipped 0.4 percent and the U.K.’s FTSE 100 slipped 0.1 percent while France’s CAC 40 rose 0.4 percent. <\/p>\n<\/p>\n<\/div>\n