Stock Market Today: Despite tariff tensions triggered by Trump, the market opened on a positive note today, bringing some relief after two consecutive days of decline. On the final trading day of the week, the BSE Sensex gained 130 points, while the NSE Nifty touched the 24,550 mark.

Sectoral Trends:

In recent sessions, IT, textiles, and realty sectors witnessed the heaviest selling pressure. Banking and metal stocks also remained under stress. However, mild buying in FMCG and pharma stocks provided some support to the market.

Heavy Losses in Previous Two Days:

On August 27, the United States imposed a 50% tariff on India. As a result, investors lost nearly ₹9.69 lakh crore in two trading sessions, with the Sensex falling about 1,555 points.

Impact of Tariffs:

U.S. President Donald Trump expressed displeasure over India’s purchase of cheap oil from Russia and imposed an additional 25% tariff. A base tariff of 25% was already in place. This means India is now facing a total tariff of 50%. The impact has been most visible on gems and jewelry, footwear, leather products, and electronic goods.