Sensex Crashes Through 80,000 Floor as Trump Tariff Bombshell Hits—Metals & Oil Stocks Bleed Out
Markets got a rude awakening today as the Sensex nosedived below the psychological 80,000 barrier. The trigger? Another classic Trump-era special: surprise tariffs that sent metal and oil stocks into freefall.
Tariff Tantrum Tanks Markets
Just when you thought trade wars were so 2020, the former POTUS dropped fresh import taxes like a mic at a MAGA rally. The result? A bloodbath for commodity stocks—because nothing says 'economic stability' like kneecapping global supply chains.
Commodity Carnage
Metal and oil giants took the hardest hits, proving once again that these sectors are basically geopolitical punching bags. Meanwhile, crypto markets barely blinked—because decentralized assets don’t care about your petty trade disputes.
As traditional investors scramble, remember: Wall Street’s 'diversification' strategy still relies on politicians not acting like toddlers. Good luck with that.
Also read
New tariff duty may dent India’s GDP by another 0.3 pp annually: Goldman Sachs
Top gainers & losers intraday
Shares of Hero Motocorp gained 3 per cent, leading the gainers of Nifty 50. JSW Steel, ITC, HDFC Bank, Asian Paints and HCL Tech followed with marginal gains.
On the losing side, Adani Enterprises, Adani Ports, Jio Financial, Tata Motors and Apollo Hospitals fell 1.5 per cent to 3.50 per cent at the time of writing.
Also read
Reliance warns tariff jitters may hit demand-supply balance
Staging broader weakness, nearly 1,989 stocks declined compared to only 809 advancing out of a total of 2,861 stocks traded on the National Stock Exchange.
Datamatics, Fortis, JK Cement, Godfrey Phillips were among the 28 stocks that hit a 52-week high. Barbeque, Ease My Trip, IEX featured among the 83 stocks that hit a 52-week low.
Also read
Trent shares dip despite beat on profit; analysts cut targets on slower growth
Only 39 stocks hit the upper circuit, while 62 shares including Electrotherm (India) hit the lower circuit.
Lupin, Coforge, Torrent Power and Persistent Systems soared 2-4 per cent under the midcap segment, while BHEL, CONCOR, Suzlon, Bharti Hexacom and NTPC Green depreciated 3-6 per cent.
Smallcap stocks ITI, CESC, Natco Pharma and PVR Inox soared 2-5 per cent, while Godfrey Phillips, Reliance Power, PGEL, Ircon and IFCI fell 3-8 per cent.
On the BSE, Rain Industries, Avalon, Shakti Pumps and Kirloskar Brothers zoomed 5-9 per cent. Fusion Finance, Morepen Laboratories, GNFC and Electrosteel Castings dragged 7-8 per cent.
Published on August 7, 2025
Companies to follow- Hero MotoCorp Ltd
- JSW Steel Ltd
- HDFC Bank Ltd
- Asian Paints Ltd
- Adani Enterprises Ltd
- Adani Ports & Special Economic Zone Ltd
- Tata Motors Ltd
- Apollo Hospitals Enterprise Ltd
