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Stock markets weather Trump tariff storm; Sensex, Nifty close higher

Mumbai, Aug 7 (PTI) Benchmark equity indices Sensex and Nifty staged a comeback on Thursday, mainly due to buying in the last hour of trade, even as US President Donald Trump slapped an additional 25 per cent duty on Indian goods, which weighed on investor sentiment. Rebounding around 926 points from the day’s low, the 30-share BSE Sensex edged higher by 79.27 points or 0.10 per cent to settle at 80,623.26. The index traded in the red for most of the session and hit a low of 79,811.29. However, fag-end buying helped recover losses and touch a high of 80,737.55.

‘Vote chori’: Election Commission colluding with BJP to steal elections, alleges Rahul Gandhi

New Delhi, Aug 7 (PTI) Congress leader Rahul Gandhi on Thursday cited an analysis of data from a Lok Sabha constituency in Karnataka from the 2024 general elections to allege that the Election Commission is colluding with the BJP to “steal elections” and called it a “crime” against the Constitution. Addressing a press conference at the AICC headquarters here, the Leader of Opposition in the Lok Sabha said the Congress put together a team and collected “concrete evidence of vote chori” in six months. If the EC does not give us machine-readable data for the past 10-15 years and the

Trump’s reciprocal tariffs come into effect globally, including India

New York/Washington, Aug 7 (PTI) The initial 25 per cent tariffs announced by the US on Indian imports came into effect Thursday, with President Donald Trump saying billions of dollars from countries that have taken advantage of America will now start flowing into the country. “It’s Midnight!!! Billions of Dollars In Tariffs Are Now Flowing Into The United States Of America!” Trump said in a post on Truth Social as the clock struck 12 midnight in the US, ushering in the August 7 date when the reciprocal tariffs announced on nations by Trump last week come into effect. “Reciprocal tariffs

Stock markets decline in early trade as Trump slaps additional 25 pc tariff on Indian goods

Mumbai, Aug 7 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Thursday as US President Donald Trump slapped an additional 25 per cent duty — doubling it to 50 per cent — on Indian goods over New Delhi’s continued imports of Russian oil. The move that is likely to hit sectors such as textiles, marine and leather exports hard was slammed by India as “unfair, unjustified and unreasonable”. With this action singling out New Delhi for the Russian oil imports, India will attract the highest US tariff of 50 per cent along with Brazil. The 30-share

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