Indian Markets Slide on Trump Tariff Threats Amid Broad Selloff

Indian equities extended losses Friday as President Trump's escalated trade war rattled global markets. The Sensex plunged 493 points (0.61%) to 80,130 while the Nifty dropped 147 points (0.60%) to 24,449, marking the third consecutive session of foreign-led selling.

The WHITE House doubled tariffs on Indian goods to 50%, with an additional 25% surcharge taking effect August 27. This triggered ₹5,000 crore in FII outflows Thursday alone, compounding August's ₹15,900 crore exodus. Only domestic institutional buying prevented steeper declines.

Market breadth turned decisively negative with 2,049 decliners versus 1,725 gainers on the BSE. The Nifty Midcap 100 underperformed with a 0.99% drop to 56,374. Financials bore the brunt as Nifty Bank fell 0.75% while Nifty Financial Services slipped 0.69%.

NTPC defied the trend with a 2.11% rally to ₹336.70, emerging as the top Nifty performer. Titan Company followed with a 1.46% gain to ₹3,465.40 as defensive stocks attracted haven flows.