New Delhi, August 28 (HS): Indian equities opened weak for the second consecutive session on Thursday, weighed down by selling pressure after the United States imposed an additional 25% tariff on Indian goods. Both benchmark indices—Sensex and Nifty—slipped in early trade, though selective buying helped trim deeper losses.

At 10:00 am, the Sensex was down 401.53 points, or 0.50%, at 80,385.01, while the Nifty declined 115.85 points, or 0.47%, to 24,596.20. Earlier, the Sensex opened marginally lower at 80,754.66 but quickly slipped to an intraday low of 80,093.52 within the first 20 minutes. Similarly, the Nifty started the day at 24,695.80 and tumbled more than 200 points to 24,507.20 before staging a partial recovery.

Market breadth remained weak, with 2,149 stocks actively traded on the exchanges—671 advancing and 1,478 declining. On the Sensex, only 9 out of 30 constituents were in the green, while 21 traded lower. For the Nifty, just 10 out of 50 stocks held gains, with 40 slipping into the red.

Among Sensex gainers, Hero MotoCorp, Asian Paints, SBI Life Insurance, Mahindra & Mahindra, and Larsen & Toubro rose between 0.49% to 1.48%. On the losing side, Shriram Finance, HCL Technologies, HDFC Bank, TCS, and Jio Financial Services declined between 1.08% and 2.84%.

The weakness comes on the heels of Tuesday’s sharp correction, when the Sensex ended 849.37 points (1.04%) lower at 80,786.54, and the Nifty closed 255.70 points (1.02%) down at 24,712.05.

Despite bargain-hunting emerging after early sell-offs, global trade tensions and sustained tariff pressure continue to weigh on investor sentiment.

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Hindusthan Samachar / Jun Sarkar