Indian Equity Markets Plunge Amid US Tariff Shock and Broad-Based Selloff

Indian equities suffered heavy losses as new US tariffs triggered a market-wide retreat, with realty and IT stocks leading the decline. The Sensex plunged 615 points (0.76%) to 80,171.15 while Nifty 50 dropped 174 points (0.71%), reflecting investor anxiety over the 25% additional duties imposed by the TRUMP administration.

Market sentiment deteriorated further amid volatile foreign inflows and global growth concerns. The selloff gained momentum from promoter stake sales in bluechips like IndiGo and profit-taking in recent outperformers. Midcap and smallcap indices mirrored the downturn, falling 0.85% and 0.88% respectively.

Sectoral performance showed nearly universal weakness, with only consumer durables escaping the rout. The realty and IT sectors bore the brunt, each declining over 1% as tariff-sensitive stocks came under pressure.